The stock of EnerSys (NYSE:ENS) reached all time high today, Nov, 30 and still has $86.55 target or 9.00% above today’s $79.40 share price. This indicates more upside for the $3.46B company. This technical setup was reported by Barchart.com. If the $86.55 PT is reached, the company will be worth $311.40M 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. About 33,286 shares traded hands. EnerSys (NYSE:ENS) has risen 35.14% since April 27, 2016 and is uptrending. It has outperformed by 29.91% the S&P500.
Analysts await EnerSys (NYSE:ENS) to report earnings on January, 26. They expect $1.13 earnings per share, up 22.83% or $0.21 from last year’s $0.92 per share. ENS’s profit will be $49.24 million for 17.57 P/E if the $1.13 EPS becomes a reality. After $1.15 actual earnings per share reported by EnerSys for the previous quarter, Wall Street now forecasts -1.74% negative EPS growth.
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 has “Market Perform” rating given by William Blair on Monday, October 26. Stifel Nicolaus maintained it with “Buy” rating and $70 target price in Friday, May 6 report. The rating was downgraded by CL King on Tuesday, November 10 to “Neutral”. Maxim Group upgraded the stock to “Buy” rating in Thursday, June 2 report. Ardour Capital downgraded EnerSys (NYSE:ENS) rating on Friday, August 14. Ardour Capital has “Hold” rating and $60 price target. The firm has “Buy” rating given on Monday, January 25 by Stifel Nicolaus. Maxim Group maintained it with “Buy” rating and $78 target price in Friday, August 12 report.
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 dropped, 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 Ltd Co last reported 0% of its portfolio in the stock. Profund Ltd Liability Co accumulated 14,785 shares or 0.04% of the stock. Caisse De Depot Et Placement Du Quebec last reported 0.01% of its portfolio in the stock. Babson Management Llc accumulated 4,200 shares or 0.01% of the stock. Canal Ins, a South Carolina-based fund reported 10,968 shares. Laurion Management L P, a New York-based fund reported 464,636 shares. Martingale Asset Mngmt L P holds 0.03% or 28,622 shares in its portfolio. Thrivent Fin For Lutherans last reported 0.05% of its portfolio in the stock. Vanguard Grp Inc has 3.44 million shares for 0.01% of their US portfolio. Moreover, Barrow Hanley Mewhinney & Strauss Limited Liability has 0.01% invested in EnerSys (NYSE:ENS) for 74,363 shares. Texas Permanent School Fund holds 0.03% or 33,079 shares in its portfolio. Pnc Financial Gp Incorporated holds 0.06% or 917,959 shares in its portfolio. First Midwest National Bank & Trust Tru Division holds 0.05% or 6,674 shares in its portfolio. Kempen Cap Mngmt Nv holds 0.04% of its portfolio in EnerSys (NYSE:ENS) for 5,024 shares. Boothbay Fund Limited Liability Corporation holds 0.11% of its portfolio in EnerSys (NYSE:ENS) for 3,829 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 2 sales for $1.78 million net activity. KANE KERRY M also sold $160,000 worth of EnerSys (NYSE:ENS) on Thursday, June 2. $1.39 million worth of shares were sold by Schmidtlein Michael J on Monday, August 15. $394,125 worth of EnerSys (NYSE:ENS) was sold by Long Jeffrey W. on Wednesday, November 23. Aschke Holger P sold $189,148 worth of EnerSys (NYSE:ENS) on Friday, June 3.
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 Cleveland.com with their article: “EnerSys closing its 110-year-old Cleveland plant on May 31, cutting 95 jobs” published on January 06, 2016, Prnewswire.com published: “EnerSys Acquires Florida Based Advanced Lithium Battery Manufacturing Business” on April 14, 2016. More interesting news about EnerSys (NYSE:ENS) were released by: Fool.com and their article: “Why EnerSys’ Shares Popped 13% Last Month” published on September 08, 2016 as well as Zacks.com‘s news article titled: “Can EnerSys (ENS) Continue the Bull Run on Thriving Markets?” with publication date: November 25, 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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