Exclusive: Could EnerSys Change Direction After Touching All Time High?

Exclusive: Could EnerSys Change Direction After Touching All Time High?

The stock of EnerSys (NYSE:ENS) reached all time high today, Nov, 21 and still has $106.87 target or 35.00% above today’s $79.16 share price. This indicates more upside for the $3.48 billion company. This technical setup was reported by Barchart.com. If the $106.87 PT is reached, the company will be worth $1.22B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.34% or $1.05 during the last trading session, hitting $79.16. About 232,284 shares traded hands. EnerSys (NYSE:ENS) has risen 36.94% since April 19, 2016 and is uptrending. It has outperformed by 33.08% the S&P500.

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 company was maintained on Friday, May 6 by Stifel Nicolaus. Ardour Capital downgraded EnerSys (NYSE:ENS) rating on Friday, August 14. Ardour Capital has “Hold” rating and $60 price target. On Tuesday, November 10 the stock rating was downgraded by CL King to “Neutral”. The company was maintained on Friday, August 12 by Maxim Group. William Blair downgraded the stock to “Market Perform” rating in Monday, October 26 report. The stock of EnerSys (NYSE:ENS) has “Buy” rating given on Thursday, June 2 by Maxim Group. The firm earned “Buy” rating on Monday, January 25 by Stifel Nicolaus.

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 decreased to 1.17 in Q2 2016. Its down 0.50, from 1.67 in 2016Q1. The ratio is negative, 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.
Blackrock Institutional Trust Communications Na reported 1.08 million shares or 0.01% of all its holdings. Blackrock Invest Mgmt Ltd Limited Liability Company, a New Jersey-based fund reported 193,442 shares. Rhumbline Advisers has 0.01% invested in the company for 74,741 shares. Moreover, Piermont Capital Mngmt has 0.39% invested in EnerSys (NYSE:ENS) for 25,340 shares. Moreover, Mycio Wealth Partners Ltd has 0.01% invested in EnerSys (NYSE:ENS) for 1,150 shares. Franklin Resource Incorporated has invested 0.03% of its portfolio in EnerSys (NYSE:ENS). D E Shaw And Communication Inc has invested 0.01% of its portfolio in EnerSys (NYSE:ENS). Arrowpoint Asset Mngmt Ltd Liability Com reported 151,000 shares or 0.18% of all its holdings. Cibc Asset Management Incorporated last reported 5,310 shares in the company. Vulcan Value Prtnrs Ltd Liability Com reported 916,861 shares or 0.54% of all its holdings. State Street Corporation last reported 860,055 shares in the company. Clarivest Asset Lc has invested 0.05% of its portfolio in EnerSys (NYSE:ENS). Sei Investments last reported 82,314 shares in the company. Numeric Lc accumulated 0.12% or 222,866 shares. Tower Research Capital Ltd Limited Liability Company (Trc) has 3,055 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 5 sales for $3.79 million net activity. 67,800 shares with value of $3.99 million were sold by Craig John D on Tuesday, May 24. 2,500 shares were sold by Long Jeffrey W., worth $147,175 on Wednesday, May 25. Schmidtlein Michael J sold $1.39M worth of stock. 2,982 shares were sold by Aschke Holger P, worth $189,148. $160,000 worth of EnerSys (NYSE:ENS) was sold by KANE KERRY M on Thursday, June 2.

More notable recent EnerSys (NYSE:ENS) news were published by: Wsj.com which released: “Johnson Controls Is in Talks to Buy EnerSys” on October 06, 2015, also Prnewswire.com with their article: “EnerSys Reports Second Quarter Fiscal 2017 Results” published on November 09, 2016, Cleveland.com published: “EnerSys closing its 110-year-old Cleveland plant on May 31, cutting 95 jobs” on January 06, 2016. More interesting news about EnerSys (NYSE:ENS) were released by: Prnewswire.com and their article: “EnerSys Announces 2nd Quarter Fiscal 2017 Results Conference Call” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “EnerSys Acquires Florida Based Advanced Lithium Battery Manufacturing Business” with publication date: April 14, 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.

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