BTIG Research Issues Pessimistic Forecast for Enersys (NYSE:ENS) Stock Price

Enersys (NYSE:ENS) had its target price reduced by BTIG Research from $280.00 to $250.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. BTIG Research‘s price target would indicate a potential upside of 68.57% from the stock’s previous close.

Several other research analysts have also commented on ENS. Zacks Research lowered Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research note on Friday, August 14th. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings lowered Enersys from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Enersys has an average rating of “Moderate Buy” and an average target price of $257.50.

Enersys Price Performance

Enersys stock opened at $148.31 on Thursday. The company’s 50 day simple moving average is $173.36 and its 200-day simple moving average is $190.72. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.21. Enersys has a 1 year low of $131.01 and a 1 year high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80.

Enersys (NYSE:ENS) last posted its quarterly earnings data on Thursday, November 12th. The industrial products company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.03. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The firm had revenue of $949.90 million during the quarter, compared to analysts’ expectations of $968.76 million. During the same quarter last year, the company posted $2.56 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Enersys will post 13.41 earnings per share for the current year.

Institutional Investors Weigh In On Enersys

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in Enersys in the second quarter valued at approximately $22,893,000. Hsbc Holdings PLC lifted its stake in Enersys by 80.1% in the second quarter. Hsbc Holdings PLC now owns 72,021 shares of the industrial products company’s stock worth $16,856,000 after acquiring an additional 32,034 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Enersys by 10.1% during the 1st quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after acquiring an additional 50,660 shares in the last quarter. Caisse de depot et placement du Quebec acquired a new position in Enersys during the 2nd quarter worth approximately $7,305,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Enersys in the 1st quarter valued at approximately $10,319,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys News Roundup

These are some of the ENS news items that stood out recently:

• Positive Sentiment: EnerSys reported fiscal Q2 adjusted EPS of $3.22, topping the $3.19 consensus and rising from $2.56 a year earlier. Management also cited improved gross and adjusted operating margins. EnerSys second-quarter results
• Positive Sentiment: The board declared a quarterly dividend of $0.2875 per share, payable December 31 to shareholders of record December 18. The annualized dividend is $1.15 per share. EnerSys dividend announcement
• Negative Sentiment: Quarterly revenue of $949.9 million missed the $968.8 million analyst estimate and was nearly flat year over year. The sales shortfall appears to have outweighed the modest EPS beat in investor reaction. EnerSys beats EPS but misses on revenue

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.