Enersys (NYSE:ENS) Stock Gets Price Target Trim from Oppenheimer

Key Points

• Oppenheimer cut its EnerSys price target from $250 to $210 but kept its Outperform rating; the revised target implies 47.5% upside from the prior close.
• Analyst views are mixed, with EnerSys carrying a consensus Moderate Buy rating and an average price target of $247.50.
• Shares fell 3.7% to $142.38 on Friday. The company slightly beat quarterly EPS estimates, but revenue missed expectations and declined 0.1% year over year.

Enersys (NYSE:ENS - Get Free Report) had its price target decreased by equities researchers at Oppenheimer from $250.00 to $210.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Oppenheimer's price objective suggests a potential upside of 47.50% from the stock's previous close.

A number of other research firms have also recently commented on ENS. Weiss Ratings cut Enersys from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. BTIG Research dropped their price objective on Enersys from $280.00 to $250.00 and set a "buy" rating for the company in a report on Thursday. Zacks Research lowered Enersys from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 13th. Finally, Wall Street Zen upgraded Enersys from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $247.50.

Enersys Trading Down 3.7%

Shares of NYSE ENS traded down $5.42 during midday trading on Friday, hitting $142.38. 91,297 shares of the company traded hands, compared to its average volume of 500,804. The firm has a market cap of $5.13 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 1.21. 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 has a 12-month low of $131.01 and a 12-month high of $244.30. The stock has a 50-day moving average price of $172.71 and a 200 day moving average price of $190.58.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 11th. 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 return on equity of 24.98% and a net margin of 9.86%. The firm had revenue of $949.90 million during the quarter, compared to analyst estimates of $968.76 million. During the same quarter in the previous year, the firm earned $2.56 EPS. Enersys's quarterly revenue was down .1% compared to the same quarter last year. Enersys has set its Q3 2027 guidance at 3.050-3.150 EPS. As a group, analysts expect that Enersys will post 13.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Enersys in the 2nd quarter valued at $34,000. Quantbot Technologies LP purchased a new position in shares of Enersys in the second quarter worth about $39,000. Jacobi Capital Management LLC purchased a new stake in Enersys during the 3rd quarter valued at about $31,000. Richardson Financial Services Inc. raised its holdings in Enersys by 3,640.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 187 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 182 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Enersys by 107.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 193 shares of the industrial products company's stock worth $35,000 after purchasing an additional 100 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Top Enersys Stories

These are some of the ENS stories that stood out recently:

• Positive Sentiment: BTIG maintained its Buy rating and pointed to data-center momentum, defense demand and the Ultralife deal as potential drivers of market-share and growth gains. Article: EnerSys, Ultralife Deal Helps Grow Market Share As Data Centers Drive Momentum
• Positive Sentiment: EnerSys declared a quarterly dividend of $0.2875 per share, payable December 31 to shareholders of record December 18. Article: EnerSys Announces Dividend
• Negative Sentiment: Revenue of $949.9 million missed the $968.8 million estimate and was down 0.1% year over year, tempering the earnings beat. BTIG also cut its price target to $250 from $280, although it retained its Buy rating. Article: Enersys Given New Price Target at BTIG Research

Enersys Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.