Today’s Price Action: What’s Next for EnerSys After Reaching 52-Week High?

Today's Price Action: What's Next for EnerSys After Reaching 52 Week High?

The stock of EnerSys (NYSE:ENS) hit a new 52-week high and has $81.73 target or 4.00% above today’s $78.59 share price. The 9 months bullish chart indicates low risk for the $3.43 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $81.73 price target is reached, the company will be worth $137.20M 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 167,580 shares traded hands. EnerSys (NYSE:ENS) has risen 38.83% since April 28, 2016 and is uptrending. It has outperformed by 32.91% the S&P500.

Analysts await EnerSys (NYSE:ENS) to report earnings on January, 26. They expect $1.13 EPS, up 22.83% or $0.21 from last year’s $0.92 per share. ENS’s profit will be $49.32M for 17.39 P/E if the $1.13 EPS becomes a reality. After $1.15 actual EPS 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. Stifel Nicolaus maintained it with “Buy” rating and $70 target price in Friday, May 6 report. William Blair downgraded EnerSys (NYSE:ENS) on Monday, October 26 to “Market Perform” rating. Maxim Group maintained EnerSys (NYSE:ENS) on Friday, August 12 with “Buy” rating. The firm has “Neutral” rating by CL King given on Tuesday, November 10. The rating was downgraded by Ardour Capital on Friday, August 14 to “Hold”. The rating was upgraded by Maxim Group to “Buy” on Thursday, June 2. 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 2016 Q2. Its down 0.50, from 1.67 in 2016Q1. The ratio dived, 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.
Barclays Public Limited has invested 0% of its portfolio in EnerSys (NYSE:ENS). Oak Associate Oh holds 0.27% or 37,937 shares in its portfolio. Texas Permanent School Fund accumulated 0.03% or 33,079 shares. Moreover, Calvert Invest Inc has 0.01% invested in EnerSys (NYSE:ENS) for 3,409 shares. Prescott Group Inc Capital Mngmt Limited Company accumulated 0.19% or 13,250 shares. Princeton Alpha L P reported 4,432 shares or 0.05% of all its holdings. Emerald Advisers Pa accumulated 47,008 shares or 0.13% of the stock. D E Shaw, a New York-based fund reported 59,578 shares. Kcg Hldgs has 0.01% invested in the company for 11,782 shares. Meritage has invested 0.68% of its portfolio in EnerSys (NYSE:ENS). Moreover, Franklin Res Inc has 0.03% invested in EnerSys (NYSE:ENS) for 1.00 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,412 shares or 0% of all its holdings. The Missouri-based Amer Century has invested 0% in EnerSys (NYSE:ENS). Assetmark accumulated 3 shares or 0% of the stock. Ny State Common Retirement Fund has 330,043 shares for 0.03% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 2 sales for $1.78 million net activity. Shares for $394,125 were sold by Long Jeffrey W.. On Friday, June 3 Aschke Holger P sold $189,148 worth of the stock or 2,982 shares. Schmidtlein Michael J sold $1.39M worth of stock. KANE KERRY M had sold 2,500 shares worth $160,000.

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 Readingeagle.com‘s news article titled: “In quarter, EnerSys net sales fall” with publication date: August 12, 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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