EnerSys (NYSE:ENS) Given New $110.00 Price Target at Oppenheimer

EnerSys (NYSE:ENS – Get Rating) had its target price upped by Oppenheimer from $99.00 to $110.00 in a research report issued on Friday, The Fly reports. Oppenheimer’s price target indicates a potential upside of 14.32% from the stock’s previous close.

Separately, StockNews.com assumed coverage on EnerSys in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company.

EnerSys Stock Up 14.4 %

ENS stock opened at $96.22 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.54 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.93 billion, a PE ratio of 22.59, a PEG ratio of 0.98 and a beta of 1.36. EnerSys has a 1-year low of $55.60 and a 1-year high of $96.36. The business’s 50 day simple moving average is $83.33 and its 200 day simple moving average is $81.30.

EnerSys (NYSE:ENS – Get Rating) last posted its earnings results on Thursday, May 25th. The industrial products company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.44. The business had revenue of $990.00 million for the quarter, compared to analyst estimates of $953.05 million. EnerSys had a return on equity of 15.11% and a net margin of 4.74%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. As a group, research analysts anticipate that EnerSys will post 6.13 EPS for the current year.

Institutional Trading of EnerSys

A number of institutional investors have recently modified their holdings of ENS. Quantbot Technologies LP acquired a new position in EnerSys in the 1st quarter worth about $60,000. Assetmark Inc. increased its stake in shares of EnerSys by 31.8% in the fourth quarter. Assetmark Inc. now owns 850 shares of the industrial products company’s stock valued at $63,000 after buying an additional 205 shares during the period. Covestor Ltd increased its stake in shares of EnerSys by 58.2% in the first quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock valued at $69,000 after buying an additional 342 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of EnerSys in the first quarter valued at about $87,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of EnerSys by 15.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,232 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 161 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

EnerSys Company Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.