Today’s Market Runner: Does EnerSys Have More Gas After Reaching 52-Week High?

Today's Market Runner: Does EnerSys Have More Gas After Reaching 52 Week High?

The stock of EnerSys (NYSE:ENS) hit a new 52-week high and has $130.23 target or 66.00% above today’s $78.45 share price. The 7 months bullish chart indicates low risk for the $3.45 billion company. The 1-year high was reported on Nov, 21 by If the $130.23 price target is reached, the company will be worth $2.28 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 41,737 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 stock of EnerSys (NYSE:ENS) has “Market Perform” rating given on Monday, October 26 by William Blair. The rating was downgraded by Ardour Capital to “Hold” on Friday, August 14. The stock of EnerSys (NYSE:ENS) has “Neutral” rating given on Tuesday, November 10 by CL King. The company was maintained on Friday, May 6 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, June 2 by Maxim Group. Stifel Nicolaus maintained EnerSys (NYSE:ENS) on Monday, January 25 with “Buy” rating. The firm earned “Buy” rating on Friday, August 12 by Maxim Group.

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 2016 Q2. Its down 0.50, from 1.67 in 2016Q1. The ratio worsened, 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.
Ameriprise Financial last reported 551,003 shares in the company. Citigroup accumulated 0% or 30,378 shares. Envestnet Asset Inc holds 0.01% or 21,837 shares in its portfolio. Fulton Fincl Bank Na holds 0.04% or 7,100 shares in its portfolio. Parametric Portfolio Limited Liability Com accumulated 48,038 shares or 0% of the stock. Driehaus Ltd Limited Liability Company holds 5,550 shares or 0.01% of its portfolio. Tiaa Cref Investment Limited Liability Company has 0.01% invested in the company for 216,931 shares. Ironbridge Mngmt Limited Partnership holds 0.17% of its portfolio in EnerSys (NYSE:ENS) for 65,650 shares. Advisors Limited Limited Liability Corporation holds 0% or 63 shares in its portfolio. Segall Bryant Hamill Limited Liability Corp accumulated 47,829 shares or 0.07% of the stock. Jacobs Levy Equity Mgmt Inc owns 20,830 shares or 0.03% of their US portfolio. Aqr Cap Mngmt Ltd Liability Corp has 0% invested in the company for 11,381 shares. First Interstate National Bank & Trust reported 3,420 shares or 0.04% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in EnerSys (NYSE:ENS). Alliancebernstein Lp holds 0.03% of its portfolio in EnerSys (NYSE:ENS) for 524,522 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 5 insider sales for $3.79 million net activity. 2,500 shares were sold by Long Jeffrey W., worth $147,175 on Wednesday, May 25. Craig John D had sold 8,490 shares worth $506,429 on Thursday, May 26. 2,982 shares were sold by Aschke Holger P, worth $189,148 on Friday, June 3. Another trade for 19,842 shares valued at $1.39M was made by Schmidtlein Michael J on Monday, August 15. KANE KERRY M also sold $160,000 worth of EnerSys (NYSE:ENS) on Thursday, June 2.

More notable recent EnerSys (NYSE:ENS) news were published by: which released: “Johnson Controls Is in Talks to Buy EnerSys” on October 06, 2015, also with their article: “EnerSys Reports Second Quarter Fiscal 2017 Results” published on November 09, 2016, 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: and their article: “EnerSys Announces 2nd Quarter Fiscal 2017 Results Conference Call” published on October 19, 2016 as well as‘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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