The stock of EnerSys (NYSE:ENS) reached all time high today, Nov, 14 and still has $108.14 target or 40.00% above today’s $77.24 share price. This indicates more upside for the $3.41B company. This technical setup was reported by Barchart.com. If the $108.14 PT is reached, the company will be worth $1.36B 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 183,550 shares traded hands. EnerSys (NYSE:ENS) has risen 40.51% since April 12, 2016 and is uptrending. It has outperformed by 35.52% 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 “Buy” rating given on Thursday, June 2 by Maxim Group. The stock has “Market Perform” rating given by William Blair on Monday, October 26. The firm has “Buy” rating given on Friday, August 12 by Maxim Group. The firm has “Hold” rating given on Friday, August 14 by Ardour Capital. The company was downgraded on Tuesday, November 10 by CL King. The stock has “Buy” rating given by Stifel Nicolaus on Friday, May 6. The company was maintained 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 increased to 1.67 in Q2 2016. Its up 0.37, from 1.3 in 2016Q1. The ratio improved, 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.
Lsv Asset holds 0% or 35,800 shares in its portfolio. Redmond Asset Mngmt Ltd holds 0.92% of its portfolio in EnerSys (NYSE:ENS) for 31,002 shares. Franklin last reported 1.00 million shares in the company. Kennedy Incorporated last reported 207,009 shares in the company. Brandywine Glob Invest Mngmt holds 0.08% of its portfolio in EnerSys (NYSE:ENS) for 192,891 shares. Trexquant Investment Lp has invested 0.23% of its portfolio in EnerSys (NYSE:ENS). The Massachusetts-based Numeric has invested 0.12% in EnerSys (NYSE:ENS). The Massachusetts-based Putnam Ltd has invested 0.01% in EnerSys (NYSE:ENS). Regions Financial Corporation accumulated 20,566 shares or 0.02% of the stock. Great Lakes Lc holds 50,259 shares or 0.08% of its portfolio. Cantab Ltd Liability Partnership holds 0% of its portfolio in EnerSys (NYSE:ENS) for 26,253 shares. Royal National Bank Of Canada last reported 860,930 shares in the company. Princeton Alpha Limited Partnership last reported 4,432 shares in the company. Wellington Mgmt Gp Llp reported 25,527 shares or 0% of all its holdings. Jacobs Levy Equity Mngmt holds 0.03% of its portfolio in EnerSys (NYSE:ENS) for 20,830 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 7 sales for $7.93 million net activity. Craig John D sold $506,429 worth of EnerSys (NYSE:ENS) on Thursday, May 26. KANE KERRY M sold $160,000 worth of stock. 19,842 shares were sold by Schmidtlein Michael J, worth $1.39M. Aschke Holger P also sold $189,148 worth of EnerSys (NYSE:ENS) shares. Shares for $147,175 were sold by Long Jeffrey W..
More notable recent EnerSys (NYSE:ENS) news were published by: Prnewswire.com which released: “EnerSys Reports Second Quarter Fiscal 2017 Results” on November 09, 2016, also Wsj.com with their article: “Johnson Controls Is in Talks to Buy EnerSys” published on October 06, 2015, 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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