Enersys (NYSE:ENS) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Enersys from buy to hold in a research note issued Saturday.
• Despite the downgrade, the broader analyst view remains positive: five analysts rate the stock Buy, one rates it Hold, and MarketBeat shows a Moderate Buy consensus with an average target price of $180.25.
• Enersys recently reported Q4 EPS of $2.77, topping estimates, while revenue came in at $919.1 million, slightly below expectations; the stock was trading near its 52-week high at $229.97.

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

ENS has been the subject of a number of other research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Enersys in a research note on Friday, April 24th. TD Cowen initiated coverage on Enersys in a research note on Thursday, March 19th. They issued a "buy" rating and a $190.00 price objective for the company. BTIG Research upped their price objective on Enersys from $175.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $208.00 price objective (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.25.

Enersys Stock Performance

NYSE:ENS opened at $229.97 on Friday. The stock has a 50-day simple moving average of $182.29 and a two-hundred day simple moving average of $162.74. Enersys has a 52-week low of $76.60 and a 52-week high of $231.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.75. The firm has a market capitalization of $8.47 billion, a PE ratio of 28.50, a P/E/G ratio of 1.24 and a beta of 1.17.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.04. Enersys had a return on equity of 21.27% and a net margin of 8.37%.The business had revenue of $919.10 million during the quarter, compared to analyst estimates of $932.13 million. During the same quarter in the previous year, the company posted $3.12 earnings per share. Enersys's revenue for the quarter was up 1.4% on a year-over-year basis. Analysts forecast that Enersys will post 10.35 EPS for the current year.

Hedge Funds Weigh In On Enersys

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in shares of Enersys in the third quarter worth about $25,000. CIBC Private Wealth Group LLC lifted its position in shares of Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company's stock worth $27,000 after buying an additional 98 shares in the last quarter. Allworth Financial LP lifted its position in shares of Enersys by 442.2% in the third quarter. Allworth Financial LP now owns 244 shares of the industrial products company's stock worth $28,000 after buying an additional 199 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Enersys in the fourth quarter worth about $30,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Enersys by 239.7% in the fourth quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company's stock worth $31,000 after buying an additional 151 shares in the last quarter. 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.

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