BTIG analyst Gregory Lewis reiterated a Buy rating on EnerSys (ENS – Research Report) on November 10 and set a price target of $85.00. The company’s shares closed last Friday at $77.54.
Lewis covers the Industrial Goods sector, focusing on stocks such as Scorpio Tankers, Chart Industries, and Eagle Bulk Shipping. According to TipRanks, Lewis has an average return of -3.1% and a 43.64% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EnerSys with a $85.00 average price target.
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The company has a one-year high of $82.59 and a one-year low of $55.45. Currently, EnerSys has an average volume of 217.5K.
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EnerSys manufactures and markets industrial batteries. It engages in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment and battery accessories to customers. The company operates its business in two primary industrial battery product lines: Motive power batteries and Reserve power batteries. The Motive power batteries, which are used to provide power for manufacturing, warehousing and other material handling equipment, primarily electric industrial forklift trucks, mining equipment, diesel locomotive starting and other rail equipment. The Reserve power batteries, which are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems, applications for computer and computer-controlled systems, and other specialty power applications, including security systems, premium starting, lighting and ignition applications, in switchgear, electrical control systems used in electric utilities, large scale energy storage, energy pipelines, in commercial aircraft, satellites, military aircraft, submarines, ships and tactical vehicles. EnerSys was founded in October 2000 and is headquartered in Reading, PA.
Read More on ENS:
- EnerSys Announces Quarterly Dividend
- EnerSys Reports Second Quarter Fiscal 2023 Results
- EnerSys Announces Date of Second Quarter Fiscal 2023 Financial Results Release and Conference Call
- EnerSys Announces Date and Webcast Information for Its Tech Talk Focused on Thin Plate Pure Lead (TPPL) Technology
