EnerSys (NYSE:ENS) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of EnerSys (NYSE:ENS – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “strong-buy” rating on the industrial products company’s stock.

ENS has been the subject of several other research reports. TheStreet upgraded EnerSys from a “c+” rating to a “b-” rating in a research report on Tuesday, November 22nd. BTIG Research boosted their price objective on shares of EnerSys to $85.00 in a research note on Wednesday, November 16th.

EnerSys Price Performance

NYSE ENS opened at $80.65 on Thursday. The company has a market capitalization of $3.29 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.22 and a beta of 1.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.54 and a current ratio of 2.79. The business’s fifty day moving average is $84.84 and its 200 day moving average is $73.84. EnerSys has a fifty-two week low of $55.60 and a fifty-two week high of $94.32.

EnerSys (NYSE:ENS – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The industrial products company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. EnerSys had a return on equity of 13.30% and a net margin of 3.81%. The business had revenue of $920.20 million for the quarter, compared to analysts’ expectations of $926.36 million. During the same period last year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Sell-side analysts predict that EnerSys will post 4.89 earnings per share for the current year.

Institutional Trading of EnerSys

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming boosted its position in shares of EnerSys by 44.7% during the 4th quarter. State of Wyoming now owns 10,350 shares of the industrial products company’s stock worth $764,000 after purchasing an additional 3,199 shares during the period. CI Private Wealth LLC purchased a new stake in shares of EnerSys during the 4th quarter worth $10,725,000. Jane Street Group LLC raised its stake in EnerSys by 48.7% during the 4th quarter. Jane Street Group LLC now owns 8,746 shares of the industrial products company’s stock worth $646,000 after acquiring an additional 2,866 shares in the last quarter. Lazard Asset Management LLC raised its stake in EnerSys by 4.0% during the 4th quarter. Lazard Asset Management LLC now owns 96,580 shares of the industrial products company’s stock worth $7,131,000 after acquiring an additional 3,709 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in EnerSys during the 4th quarter worth $303,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

About EnerSys

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.