Stock of The Day: After Today’s Significant Increase, Is EnerSys’s Near-Term Analysis Positive?

Stock of The Day: After Today's Significant Increase, Is EnerSys's Near Term Analysis Positive?

The stock of EnerSys (NYSE:ENS) is a huge mover today! About 331,923 shares traded hands or 66.95% up from the average. EnerSys (NYSE:ENS) has risen 27.30% since April 8, 2016 and is uptrending. It has outperformed by 21.65% the S&P500.
The move comes after 5 months positive chart setup for the $3.28B company. It was reported on Nov, 10 by Barchart.com. We have $114.30 PT which if reached, will make NYSE:ENS worth $1.80 billion more.

EnerSys (NYSE:ENS) Ratings Coverage

Out of 5 analysts covering Enersys (NYSE:ENS), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Enersys has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of EnerSys (NYSE:ENS) has “Buy” rating given on Monday, January 25 by Stifel Nicolaus. As per Friday, August 14, the company rating was downgraded by Ardour Capital. William Blair downgraded EnerSys (NYSE:ENS) on Monday, October 26 to “Market Perform” rating. Maxim Group maintained the stock with “Buy” rating in Friday, August 12 report. The stock has “Neutral” rating given by CL King on Tuesday, November 10. Maxim Group upgraded EnerSys (NYSE:ENS) on Thursday, June 2 to “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 6.

According to Zacks Investment Research, “EnerSys is a global leader in stored energy solutions for industrial applications. They complement their extensive line of motive power, reserve power, and specialty batteries with a full range of integrated services and systems.”

Insitutional Activity: The institutional sentiment increased to 1.67 in Q2 2016. Its up 0.37, from 1.3 in 2016Q1. The ratio increased, as 11 funds sold all EnerSys shares owned while 64 reduced positions. 37 funds bought stakes while 88 increased positions. They now own 41.17 million shares or 1.20% less from 41.67 million shares in 2016Q1.
Mondrian Investment Partners Limited last reported 0.04% of its portfolio in the stock. Tiaa Cref Inv Management Ltd Llc accumulated 0.01% or 216,931 shares. Arizona State Retirement System accumulated 0.02% or 22,451 shares. Moreover, Cornercap Investment Counsel Incorporated has 0.11% invested in EnerSys (NYSE:ENS) for 9,455 shares. Glenmede Tru Na accumulated 422,467 shares or 0.15% of the stock. Lpl Ltd Liability Co has invested 0% of its portfolio in EnerSys (NYSE:ENS). Janus Cap Mngmt Limited Liability Corp has invested 0.12% of its portfolio in EnerSys (NYSE:ENS). Thrivent Fincl For Lutherans, a Minnesota-based fund reported 169,860 shares. Sg Americas Securities Lc has 0% invested in the company for 7,658 shares. Caisse De Depot Et Placement Du Quebec accumulated 0.01% or 37,000 shares. Assetmark Inc holds 0% or 3 shares in its portfolio. Pnc Fincl Service Gp has 917,959 shares for 0.06% of their US portfolio. Burney accumulated 19,002 shares or 0.08% of the stock. Martingale Asset Management L P reported 28,622 shares or 0.03% of all its holdings. Laurion Mngmt Lp last reported 464,636 shares in the company.

Insider Transactions: Since May 24, 2016, the stock had 0 insider purchases, and 7 insider sales for $7.93 million net activity. Craig John D also sold $506,429 worth of EnerSys (NYSE:ENS) on Thursday, May 26. On Wednesday, May 25 Long Jeffrey W. sold $147,175 worth of the stock or 2,500 shares. $1.39 million worth of shares were sold by Schmidtlein Michael J on Monday, August 15. $160,000 worth of EnerSys (NYSE:ENS) was sold by KANE KERRY M. Another trade for 2,982 shares valued at $189,148 was made by Aschke Holger P on Friday, June 3.

More notable recent EnerSys (NYSE:ENS) news were published by: Prnewswire.com which released: “EnerSys Announces Quarterly Dividend” on November 09, 2016, also Wsj.com with their article: “Johnson Controls Is in Talks to Buy EnerSys” published on October 06, 2015, Prnewswire.com published: “EnerSys Announces 2nd Quarter Fiscal 2017 Results Conference Call” on October 19, 2016. More interesting news about EnerSys (NYSE:ENS) were released by: Cleveland.com and their article: “EnerSys closing its 110-year-old Cleveland plant on May 31, cutting 95 jobs” published on January 06, 2016 as well as Reuters.com‘s news article titled: “BRIEF-EnerSys Q2 sales $576 million” with publication date: November 09, 2016.

ENS Company Profile

EnerSys, incorporated on October 13, 2000, is a manufacturer, marketer and distributor of industrial batteries. The Firm makes, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries. The Company’s divisions based on geographic regions consist of Americas, which consists of North and South America; EMEA, which includes Europe, the Middle East and Africa, and Asia, which includes Asia, Australia and Oceania. The Company’s product lines include reserve power and motive power products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment