EnerSys (NYSE: ENS) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for March, 2024 increased significantly, the consensus estimate for March, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
EnerSys (NYSE: ENS) has recently enjoyed meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ENS is expected to continue to be a major Value Builder.
Ener has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ener has a neutral Appreciation Score of 40 and a slightly positive Power Rating of 67, producing the Neutral Value Trend Rating.
Recent Price Action
EnerSys (NYSE: ENS) stock declined by -3.4% on 1/3/24. The shares closed at $95.36. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.0% during the last week.
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