Enersys (NYSE:ENS)‘s stock had its “buy” rating reaffirmed by equities researchers at Oppenheimer Holdings, Inc. in a report released on Wednesday, November 1st. They presently have a $77.00 price target on the industrial products company’s stock, down from their previous price target of $82.00. Oppenheimer Holdings, Inc.’s target price indicates a potential upside of 14.69% from the company’s previous close. Oppenheimer Holdings also issued estimates for Enersys’ Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.17 EPS, FY2018 earnings at $4.62 EPS and FY2019 earnings at $5.05 EPS.
A number of other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Enersys from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $80.00.
Enersys (ENS) traded up $0.71 on Wednesday, reaching $67.14. 294,279 shares of the company’s stock traded hands, compared to its average volume of 372,021. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2,828.27, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.70. Enersys has a fifty-two week low of $61.33 and a fifty-two week high of $84.74.
Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The firm had revenue of $617.30 million for the quarter, compared to the consensus estimate of $603.54 million. During the same period last year, the firm posted $1.15 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts expect that Enersys will post 4.58 earnings per share for the current fiscal year.
Enersys declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.
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In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now directly owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of Enersys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after buying an additional 18 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enersys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after buying an additional 122 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Enersys in the 3rd quarter worth about $130,000. Flinton Capital Management LLC boosted its position in shares of Enersys by 68.1% in the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after buying an additional 784 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Enersys in the 3rd quarter valued at about $188,000. 96.93% of the stock is currently owned by institutional investors and hedge funds.
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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