Separately, analysts at Stifel Nicolaus initiated coverage on shares of EnerSys in a research note to investors on Monday, March 5th. They set a “buy” rating and a $40.00 price target on the stock.
EnerSys traded down 3.21% on Thursday, hitting $31.92. EnerSys has a 52-week low of $17.35 and a 52-week high of $38.03. The company has a market cap of $1.530 billion and a price-to-earnings ratio of 11.26.
EnerSys last posted its quarterly earnings results on Tuesday, May 29th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.10. EnerSys’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that EnerSys will post $0.81 EPS next quarter.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. It has two primary industrial battery product lines: reserve power products and motive power products.