Enersys (ENS) Stock Rating Lowered by ValuEngine
Enersys (NYSE:ENS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Saturday.
A number of other brokerages also recently issued reports on ENS. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Enersys in a research note on Thursday, May 4th. Finally, BidaskClub upgraded shares of Enersys from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Enersys currently has an average rating of “Hold” and a consensus target price of $82.67.
Enersys (NYSE:ENS) opened at 63.02 on Friday. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74. The company has a market cap of $2.74 billion, a P/E ratio of 16.98 and a beta of 1.65. The firm’s 50 day moving average is $69.20 and its 200-day moving average is $75.83.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by $0.01. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The business had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts predict that Enersys will post $4.67 earnings per share for the current fiscal year.
Enersys declared that its Board of Directors has approved a share repurchase plan 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 purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Several institutional investors have recently made changes to their positions in ENS. BlackRock Inc. boosted its position in shares of Enersys by 17,956.9% in the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock worth $350,852,000 after buying an additional 4,419,908 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Enersys by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after buying an additional 97,319 shares in the last quarter. Boston Partners boosted its position in shares of Enersys by 47.8% in the second quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after buying an additional 866,056 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Enersys during the second quarter valued at about $116,256,000. Finally, State Street Corp boosted its position in shares of Enersys by 2.4% in the second quarter. State Street Corp now owns 1,467,084 shares of the industrial products company’s stock valued at $106,289,000 after buying an additional 34,872 shares in the last quarter. 97.52% 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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