Enersys' (ENS) Buy Rating Reiterated at Roth Capital

Key Points

• Enersys received a "buy" rating and a price target of $120.00 from Roth Capital, indicating a potential upside of 30.51% from its previous close.
• The company reported quarterly earnings of $2.97 per share, exceeding consensus estimates and reflecting a 7.0% year-over-year revenue growth.
• Insider trading activity showed significant purchases by executives, with the CFO acquiring 315 shares at an average price of $80.20 per share, increasing her holdings in the company.

Enersys (NYSE:ENS - Get Free Report)'s stock had its "buy" rating restated by Roth Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $120.00 price objective on the industrial products company's stock. Roth Capital's target price indicates a potential upside of 25.60% from the stock's previous close.

ENS has been the topic of a number of other reports. Roth Mkm reaffirmed a "buy" rating and set a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th. Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th.

Enersys Stock Up 1.6%

Shares of NYSE ENS traded up $1.53 during trading on Tuesday, reaching $95.54. The company had a trading volume of 614,755 shares, compared to its average volume of 340,223. Enersys has a 12-month low of $76.57 and a 12-month high of $104.36. The stock has a market cap of $3.58 billion, a PE ratio of 10.91, a P/E/G ratio of 0.55 and a beta of 1.08. The business's 50-day moving average is $88.49 and its 200 day moving average is $91.42. The company has a quick ratio of 1.74, a current ratio of 3.00 and a debt-to-equity ratio of 0.68.

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

Insider Transactions at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of the stock in a transaction on Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the acquisition, the chief financial officer owned 50,645 shares in the company, valued at $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Shawn M. O'connell bought 475 shares of the stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer owned 43,030 shares of the company's stock, valued at $3,604,192.80. This trade represents a 1.12% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,085 shares of company stock worth $89,726. 0.91% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENS. Raymond James Financial Inc. bought a new position in Enersys in the fourth quarter valued at about $561,000. LPL Financial LLC increased its position in Enersys by 37.0% in the fourth quarter. LPL Financial LLC now owns 13,322 shares of the industrial products company's stock worth $1,231,000 after buying an additional 3,601 shares in the last quarter. JPMorgan Chase & Co. increased its position in Enersys by 113.0% in the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock worth $27,636,000 after buying an additional 158,617 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Enersys by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,828 shares of the industrial products company's stock worth $539,000 after buying an additional 268 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Enersys by 35.8% in the fourth quarter. Franklin Resources Inc. now owns 51,764 shares of the industrial products company's stock worth $4,785,000 after buying an additional 13,647 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

About Enersys

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.