Enersys (NYSE:ENS) Cut to "Hold" at Wall Street Zen

Key Points

• Enersys has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, amidst ongoing analysis from various financial institutions.
• The company's stock is currently trading at $109.75 and has a market capitalization of $4.11 billion, with an average price target of $118.33 according to analyst consensus.
• Enersys reported quarterly earnings of $2.08 EPS, exceeding estimates, with revenues rising 4.7% year-over-year, highlighting the company's financial growth.

Enersys (NYSE:ENS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

ENS has been the topic of a number of other reports. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Roth Capital reaffirmed a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $118.33.

Enersys Stock Down 1.5%

ENS opened at $109.75 on Friday. The stock has a fifty day moving average of $98.14 and a 200-day moving average of $92.18. The company has a market capitalization of $4.11 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.63 and a beta of 1.09. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $111.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. The business had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. On average, equities analysts expect that Enersys will post 9.99 EPS for the current year.

Institutional Investors Weigh In On Enersys

Hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in Enersys by 23.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock worth $645,000 after purchasing an additional 1,323 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Enersys by 74.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock valued at $6,339,000 after purchasing an additional 29,268 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Enersys by 11.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock worth $1,077,000 after purchasing an additional 1,165 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Enersys by 284.6% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the industrial products company's stock valued at $123,000 after buying an additional 996 shares during the period. Finally, CX Institutional bought a new position in Enersys in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Enersys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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