TheStreet Upgrades EnerSys (NYSE:ENS) to B-

EnerSys (NYSE:ENS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Thursday, TheStreetRatingsTable reports.

A number of other equities analysts have also recently issued reports on ENS. Oppenheimer set a $78.00 price objective on shares of EnerSys and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine raised shares of EnerSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price objective on the stock. in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.44.

ENS traded up $0.20 during trading on Thursday, reaching $69.95. 191,262 shares of the stock traded hands, compared to its average volume of 325,417. The company has a quick ratio of 1.67, a current ratio of 2.54 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3.06 billion, a PE ratio of 14.19, a P/E/G ratio of 1.39 and a beta of 1.58. The stock’s 50-day moving average is $66.07 and its 200 day moving average is $63.87. EnerSys has a 12 month low of $53.56 and a 12 month high of $89.83.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The business had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $759.49 million. EnerSys had a net margin of 5.58% and a return on equity of 17.13%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, equities research analysts anticipate that EnerSys will post 5.18 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in shares of EnerSys by 133.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 278 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of EnerSys by 20.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 212 shares during the last quarter. Exane Derivatives acquired a new stake in shares of EnerSys in the 2nd quarter worth about $124,000. First Interstate Bank raised its holdings in shares of EnerSys by 21.7% in the 2nd quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 500 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of EnerSys by 87.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 1,316 shares during the last quarter. 95.82% of the stock is currently owned by institutional investors.

About EnerSys

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.

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