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Oppenheimer Sticks to Its Buy Rating for EnerSys (ENS)

Tipranks - Sat Jun 13, 7:56AM CDT

Oppenheimer analyst Noah Kaye reiterated a Buy rating on EnerSys today and set a price target of $250.00.

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According to TipRanks, Kaye is a 5-star analyst with an average return of 19.3% and a 65.93% success rate. Kaye covers the Industrials sector, focusing on stocks such as EnerSys, Vertiv Holdings, and Clean Harbors.

In addition to Oppenheimer, EnerSys also received a Buy from BTIG’s Gregory Lewis in a report issued today. However, on May 27, William Blair maintained a Hold rating on EnerSys (NYSE: ENS).

Based on EnerSys’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $987.94 million and a net profit of $77.2 million. In comparison, last year the company earned a revenue of $974.84 million and had a net profit of $96.55 million

Based on the recent corporate insider activity of 144 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENS in relation to earlier this year. Earlier this month, Andrea J. Funk, the EVP & CFO of ENS bought 108.00 shares for a total of $24,674.76.

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