Oppenheimer Upgrades EnerSys (NYSE:ENS) to Outperform

EnerSys (NYSE:ENS) was upgraded by research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $115.00 target price on the industrial products company’s stock. Oppenheimer’s price objective would suggest a potential upside of 17.01% from the stock’s previous close.

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

EnerSys Stock Performance

NYSE:ENS opened at $98.28 on Friday. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $94.60 and a 200-day moving average of $98.50. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same quarter last year, the firm posted $1.84 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts forecast that EnerSys will post 9.86 earnings per share for the current fiscal year.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.61% of the stock is owned by insiders.

Institutional Trading of EnerSys

Hedge funds have recently made changes to their positions in the stock. Global Alpha Capital Management Ltd. lifted its position in shares of EnerSys by 32.8% in the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock worth $2,792,000 after purchasing an additional 6,764 shares in the last quarter. Foundry Partners LLC bought a new position in EnerSys during the third quarter valued at approximately $4,740,000. Citigroup Inc. raised its position in EnerSys by 99.2% during the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after acquiring an additional 24,123 shares in the last quarter. Janney Montgomery Scott LLC raised its position in EnerSys by 60.8% during the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company’s stock valued at $1,595,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after acquiring an additional 9,337 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Company Profile

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.