Oppenheimer Upgrades EnerSys (NYSE:ENS) to “Outperform”

EnerSys (NYSE:ENS) was upgraded by stock analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Friday,Finviz reports. The firm presently has a $115.00 target price on the industrial products company’s stock. Oppenheimer’s target price would indicate a potential upside of 21.87% from the company’s previous close.

Several other research firms have also issued reports on ENS. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Mkm reiterated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $117.50.

EnerSys Stock Up 0.6 %

Shares of NYSE ENS opened at $94.37 on Friday. The stock has a market capitalization of $3.76 billion, a PE ratio of 13.37, a P/E/G ratio of 0.51 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of $94.58 and a 200-day moving average of $98.54. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. On average, analysts anticipate that EnerSys will post 9.86 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EnerSys

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock worth $150,502,000 after buying an additional 13,524 shares in the last quarter. Earnest Partners LLC increased its position in shares of EnerSys by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after purchasing an additional 21,903 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of EnerSys by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after purchasing an additional 11,384 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after buying an additional 92,398 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.