Enersys (NYSE:ENS) Reaches New 12-Month High – Should You Buy?

Enersys (NYSE:ENS) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $232.76 and last traded at $233.0550, with a volume of 15078 shares traded. The stock had previously closed at $229.82.

Analysts Set New Price Targets

Several analysts have recently issued reports on ENS shares. Wall Street Zen cut shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a research report on Friday, April 24th. TD Cowen started coverage on shares of Enersys in a research report on Thursday, March 19th. They set a “buy” rating and a $190.00 price target on the stock. Roth Mkm reissued a “buy” rating and set a $208.00 price target (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Finally, BTIG Research increased their price target on shares of Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.25.

Enersys Price Performance

The stock’s 50 day moving average is $182.29 and its two-hundred day moving average is $162.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.75 and a quick ratio of 1.72. The stock has a market capitalization of $8.70 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17.

Institutional Trading of Enersys

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Enersys during the third quarter worth approximately $25,000. CIBC Private Wealth Group LLC increased its stake in shares of Enersys by 116.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after buying an additional 98 shares during the period. Allworth Financial LP increased its stake in shares of Enersys by 442.2% during the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after buying an additional 199 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Enersys during the fourth quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Enersys by 239.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock worth $31,000 after buying an additional 151 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.