EnerSys’ (ENS) “Buy” Rating Reaffirmed at Roth Mkm

EnerSys (NYSE:ENS)‘s stock had its “buy” rating reissued by investment analysts at Roth Mkm in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $120.00 target price on the industrial products company’s stock. Roth Mkm’s target price would suggest a potential upside of 17.87% from the stock’s current price.

Several other brokerages also recently weighed in on ENS. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 30th. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EnerSys has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Stock Down 0.3 %

NYSE:ENS traded down $0.33 during mid-day trading on Monday, hitting $101.81. The stock had a trading volume of 5,976 shares, compared to its average volume of 249,347. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The company has a market capitalization of $4.10 billion, a PE ratio of 15.74, a PEG ratio of 0.60 and a beta of 1.24. The stock has a 50-day simple moving average of $100.68 and a two-hundred day simple moving average of $98.71.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter in the prior year, the business posted $1.89 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts anticipate that EnerSys will post 8.94 EPS for the current year.

Insider Activity

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 over the last 90 days. 1.61% of the stock is currently owned by corporate insiders.

Institutional Trading of EnerSys

A number of hedge funds have recently bought and sold shares of ENS. Norges Bank acquired a new position in EnerSys in the fourth quarter valued at $46,747,000. American Century Companies Inc. boosted its position in shares of EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after acquiring an additional 188,053 shares during the last quarter. Shellback Capital LP acquired a new position in EnerSys during the second quarter worth approximately $14,012,000. AQR Capital Management LLC increased its position in EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new position in EnerSys during the second quarter worth approximately $10,765,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

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.