Enersys (NYSE:ENS) Reaches New 1-Year High – Here’s Why

Enersys (NYSE:ENS) hit a new 52-week high during trading on Monday . The company traded as high as $214.98 and last traded at $211.8860, with a volume of 211619 shares traded. The stock had previously closed at $212.39.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ENS shares. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. BTIG Research raised their price objective on Enersys from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, February 5th. TD Cowen started coverage on shares of Enersys in a report on Thursday, March 19th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Roth Mkm reiterated a “buy” rating and set a $208.00 price target (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $180.25.

Enersys Trading Up 4.4%

The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $180.15 and a 200 day simple moving average of $161.32. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.17 and a beta of 1.17.

Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.04. The business had revenue of $919.10 million during the quarter, compared to analysts’ expectations of $932.13 million. Enersys had a return on equity of 21.27% and a net margin of 8.37%.The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $3.12 earnings per share. On average, equities analysts anticipate that Enersys will post 10.35 EPS for the current fiscal year.

Institutional Trading of Enersys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cardinal Capital Management purchased a new stake in Enersys in the 3rd quarter valued at about $1,311,000. SG Americas Securities LLC lifted its stake in shares of Enersys by 279.0% in the 3rd quarter. SG Americas Securities LLC now owns 14,351 shares of the industrial products company’s stock valued at $1,621,000 after purchasing an additional 10,564 shares in the last quarter. AXQ Capital LP acquired a new position in shares of Enersys in the 3rd quarter valued at about $657,000. New South Capital Management Inc. lifted its position in Enersys by 22.6% during the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company’s stock worth $96,874,000 after acquiring an additional 158,267 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Enersys by 9.4% during the 3rd quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company’s stock worth $109,009,000 after acquiring an additional 82,944 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.