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

Key Points

• BTIG Research cut its Enersys price target from $280 to $250 but maintained a Buy rating; the new target implies 68.57% upside from the current share price.
• Analysts overall have a “Moderate Buy” consensus and an average price target of $257.50, with four Buy ratings and two Hold ratings.
• Enersys beat quarterly EPS estimates ($3.22 versus $3.19) but missed revenue expectations ($949.9 million versus $968.8 million); revenue was nearly flat year over year.

Enersys (NYSE:ENS - Get Free Report) had its price target cut by BTIG Research from $280.00 to $250.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. BTIG Research's price target suggests a potential upside of 68.57% from the stock's current price.

Several other equities analysts also recently weighed in on ENS. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 14th. Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 15th. Weiss Ratings downgraded shares of Enersys from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Finally, Zacks Research downgraded shares of Enersys from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.50.

Enersys Stock Down 2.0%

NYSE ENS opened at $148.31 on Thursday. The business has a fifty day moving average price of $173.36 and a 200 day moving average price of $190.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80. The company has a market cap of $5.35 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.75 and a beta of 1.21. Enersys has a one year low of $131.01 and a one year high of $244.30.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Thursday, November 12th. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.03. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The company had revenue of $949.90 million for the quarter, compared to analysts' expectations of $968.76 million. During the same quarter in the previous year, the company posted $2.56 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. Research analysts anticipate that Enersys will post 13.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in Enersys in the 3rd quarter valued at about $1,068,000. GW&K Investment Management LLC purchased a new position in Enersys in the third quarter worth approximately $2,355,000. Private Wealth Asset Management LLC purchased a new position in Enersys in the third quarter worth approximately $289,000. Private Advisor Group LLC increased its stake in Enersys by 63.4% during the third quarter. Private Advisor Group LLC now owns 4,692 shares of the industrial products company's stock worth $861,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Focus Advisor Solutions LLC raised its position in Enersys by 16.7% in the third quarter. Focus Advisor Solutions LLC now owns 1,246 shares of the industrial products company's stock valued at $229,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Key Enersys News

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
• Neutral Sentiment: Fiscal Q3 guidance calls for EPS of $3.05–$3.15, bracketing the $3.10 consensus. Revenue guidance of $935 million–$975 million also spans analysts’ $963.8 million estimate, though its midpoint is below consensus.
• 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.

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