Enersys (NYSE:ENS) Reaches New 12-Month High – Should You Buy?

Enersys (NYSE:ENS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $232.76 and last traded at $233.0550, with a volume of 15078 shares trading hands. The stock had previously closed at $229.82.

Wall Street Analyst Weigh In

ENS has been the topic of several recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $208.00 price target (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a research note on Friday, April 24th. BTIG Research increased their price target on shares of Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, TD Cowen initiated coverage on shares of Enersys in a research note on Thursday, March 19th. They issued a “buy” rating and a $190.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Enersys currently has an average rating of “Moderate Buy” and a consensus price target of $180.25.

Enersys Trading Up 2.8%

The company has a debt-to-equity ratio of 0.61, a current ratio of 2.75 and a quick ratio of 1.72. The firm has a market capitalization of $8.70 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The business’s 50-day moving average price is $182.29 and its 200-day moving average price is $162.74.

Hedge Funds Weigh In On Enersys

A number of hedge funds have recently modified their holdings of ENS. Norges Bank purchased a new position in shares of Enersys during the fourth quarter worth approximately $78,599,000. LSV Asset Management grew its position in shares of Enersys by 298.9% during the fourth quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock worth $82,516,000 after acquiring an additional 421,338 shares during the last quarter. Millennium Management LLC grew its position in shares of Enersys by 257.8% during the third quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock worth $62,893,000 after acquiring an additional 401,167 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Enersys by 342.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company’s stock worth $57,641,000 after acquiring an additional 304,018 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Enersys by 508.6% during the fourth quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company’s stock worth $47,684,000 after acquiring an additional 271,548 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.