In a report released today, Gregory Lewis from BTIG maintained a Buy rating on EnerSys (ENS – Research Report), with a price target of $100.00. The company’s shares opened today at $88.28.
Lewis covers the Industrial Goods sector, focusing on stocks such as Kirby, Scorpio Tankers, and Seadrill Limited. According to TipRanks, Lewis has an average return of -4.8% and a 39.12% success rate on recommended stocks.
Currently, the analyst consensus on EnerSys is a Moderate Buy with an average price target of $100.00.
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ENS market cap is currently $3.43B and has a P/E ratio of 25.72.
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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 Reports Fourth Quarter and Full Year Fiscal 2023 Results; Delivers Record Net Sales and Earnings for the Fourth Quarter and Full Year
- EnerSys Announces Quarterly Dividend
- ENS Upcoming Earnings Report: What to Expect?
- EnerSys Releases 2022 Sustainability Update: Driving Change for a Greener, More Inclusive Future
- EnerSys appoints Shannon Thomas as new CHRO
