Enersys (NYSE:ENS)‘s stock had its “buy” rating reaffirmed by equities researchers at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Wednesday. They presently have a $77.00 target price on the industrial products company’s stock. Oppenheimer Holdings, Inc.’s price objective indicates a potential upside of 11.00% from the company’s current price.
ENS has been the topic of several other reports. Zacks Investment Research downgraded shares of Enersys from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $80.00.
Enersys (ENS) traded down 1.80% on Wednesday, reaching $68.12. 203,837 shares of the company traded hands. The company has a market capitalization of $2.96 billion, a P/E ratio of 18.36 and a beta of 1.70. Enersys has a 12 month low of $61.33 and a 12 month high of $84.74. The company has a 50-day moving average price of $68.49 and a 200-day moving average price of $72.57.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). The firm had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.14 earnings per share. Equities research analysts expect that Enersys will post $4.67 EPS for the current year.
Enersys declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
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Institutional investors and hedge funds have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in shares of Enersys by 29.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,385 shares of the industrial products company’s stock worth $1,984,000 after purchasing an additional 6,192 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Enersys by 12.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,808 shares of the industrial products company’s stock worth $1,870,000 after purchasing an additional 2,846 shares during the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Enersys by 100.0% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 33,200 shares of the industrial products company’s stock worth $2,405,000 after purchasing an additional 16,600 shares during the last quarter. Northern Trust Corp grew its stake in shares of Enersys by 4.5% in the 2nd quarter. Northern Trust Corp now owns 1,001,093 shares of the industrial products company’s stock worth $72,529,000 after purchasing an additional 43,549 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in shares of Enersys by 135.5% in the 2nd quarter. Gotham Asset Management LLC now owns 137,313 shares of the industrial products company’s stock worth $9,948,000 after purchasing an additional 79,017 shares during the last quarter. 93.35% of the stock is currently owned by institutional investors.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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