On 5/23/24, EnerSys (NYSE: ENS) stock enjoyed a major increase of 10.9%, closing at $107.95. Moreover, exceptionally high trading volume at 302% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 9.5% during the last week.
Current PriceTarget Research Rating
ENS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Ener has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ener has a neutral Appreciation Score of 43 but a poor Power Rating of 29, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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