EnerSys’ (ENS) “Buy” Rating Reaffirmed at Oppenheimer

Oppenheimer restated their buy rating on shares of EnerSys (NYSE:ENS) in a research report released on Tuesday morning.

Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of EnerSys from a buy rating to a hold rating in a report on Tuesday, October 23rd. Zacks Investment Research cut shares of EnerSys from a hold rating to a sell rating in a report on Tuesday, July 31st. Citigroup increased their price objective on shares of EnerSys from $86.00 to $95.00 and gave the stock an outperform rating in a report on Thursday, October 4th. Finally, Sidoti increased their price objective on shares of EnerSys from $93.00 to $104.00 and gave the stock a buy rating in a report on Thursday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. EnerSys presently has a consensus rating of Buy and a consensus target price of $99.00.

Shares of ENS stock traded up $0.50 during trading hours on Tuesday, reaching $78.22. The stock had a trading volume of 995 shares, compared to its average volume of 223,806. The company has a quick ratio of 2.46, a current ratio of 3.33 and a debt-to-equity ratio of 0.50. EnerSys has a twelve month low of $62.85 and a twelve month high of $89.23. The stock has a market cap of $3.10 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.



EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The business had revenue of $670.90 million for the quarter, compared to analysts’ expectations of $649.63 million. During the same quarter last year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts forecast that EnerSys will post 5.05 EPS for the current fiscal year.

In other EnerSys news, insider Myles Jones sold 13,460 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $80.29, for a total transaction of $1,080,703.40. Following the transaction, the insider now owns 49,102 shares of the company’s stock, valued at approximately $3,942,399.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Holger P. Aschke sold 3,915 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $77.00, for a total transaction of $301,455.00. Following the transaction, the insider now directly owns 38,294 shares in the company, valued at approximately $2,948,638. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,920 shares of company stock worth $1,732,714. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ENS. Guggenheim Capital LLC increased its stake in EnerSys by 13.1% during the 1st quarter. Guggenheim Capital LLC now owns 67,801 shares of the industrial products company’s stock valued at $4,702,000 after buying an additional 7,839 shares during the period. Millennium Management LLC increased its stake in EnerSys by 244.6% during the 1st quarter. Millennium Management LLC now owns 99,580 shares of the industrial products company’s stock valued at $6,908,000 after buying an additional 70,681 shares during the period. Legal & General Group Plc increased its stake in EnerSys by 14.0% during the 1st quarter. Legal & General Group Plc now owns 60,985 shares of the industrial products company’s stock valued at $4,230,000 after buying an additional 7,486 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of EnerSys by 45.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,730 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of EnerSys by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 183,249 shares of the industrial products company’s stock worth $12,712,000 after purchasing an additional 788 shares during the last quarter. 95.96% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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