EnerSys Downgraded by StockNews.com from 'Strong-Buy' to 'Buy'

Industrial stored energy solutions provider EnerSys ENS, headquartered in Reading, Pennsylvania, experienced a change in its stock rating on Friday. Analysts at StockNews.com revised the rating of EnerSys, moving it from a 'strong-buy' to a 'buy'. This downgrade reflects an adjustment in StockNews.com's view of the company's stock as an investment option, albeit still favoring a positive outlook shown by the retained 'buy' status.

Analyst Ratings and Price Targets

Aside from StockNews.com, several other financial institutions have also published their latest views on EnerSys. William Blair modified their rating on EnerSys from an 'outperform' to a 'market perform' in an analysis presented on November 6th. Additionally, on July 14th, CL King initiated coverage on EnerSys, bestowing a 'buy' rating alongside a price target of $137.00. Oppenheimer followed this trend by revising their price target on EnerSys from $119.00 to $117.00 on August 11th.

Recent EnerSys Trading Data

On the trading front, EnerSys shares opened at $85.59 this past Friday. The company has seen its share price fluctuate between a 1-year low of $71.15 and a 1-year high of $113.34. Currently, the 50-day moving average price stands at $92.90, while the 200-day moving average price positions itself at $97.35. With a current ratio of 2.68 and a quick ratio of 1.48, the company maintains a comfortable level of short-term liquidity. EnerSys also carries a debt-to-equity ratio of 0.57. The firm's market capitalization is $3.51 billion, and it presents a price-to-earnings ratio of 14.68, with a PEG ratio of 0.78 and a beta of 1.37.

EnerSys’ Latest Earnings Report

The latest earnings release from EnerSys came on November 8th. The industrial products company reported $1.84 earnings per share for the quarter, surpassing the consensus estimate by $0.04. The firm posted a return on equity of 17.45% and a net margin of 6.51%. For this period, EnerSys reported revenue of $901.00 million, slightly missing the anticipated $914.38 million yet demonstrating a 0.2% increase on a year-over-year basis. Analysts on average predict that EnerSys will post an earnings of 7.7 per share for the current fiscal year.

Institutional Investments in EnerSys

Hedge funds and various institutional investors have made moves in both acquisition and sale of EnerSys shares recently. Among them, HighTower Advisors LLC inaugurated a new position in EnerSys shares valued at approximately $264,000 during the first quarter. Bank of Montreal Can raised its stake by 12.9% within the first quarter, now holding 10,670 shares with a value of about $812,000. During the same period, MetLife Investment Management LLC MET augmented its EnerSys shareholdings by 35.1%, owning 47,723 shares worth approximately $3,559,000. Further investment adjustments were observed by Commonwealth of Pennsylvania Public School Empls Retrmt SYS and Dimensional Fund Advisors LP. Overall, institutional investors possess 91.56% of EnerSys's stock.

EnerSys, StockRating, Investment