Alert: Positive Investment/Fundamental Signals (6/28/24)-EnerSys (NYSE: ENS)

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Recent meaningful positive changes in fundamentals have benefitted EnerSys (NYSE: ENS): the consensus estimate for March, 2025 increased significantly, the consensus estimate for March, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

EnerSys (NYSE: ENS) has benefited from notable 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 D. We would view the shares with optimism pending completion of this review in the next several days.

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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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ener has a slightly negative Power Rating of 39 and a poor Appreciation Score of 26, and the Negative Value Trend Rating results.

Recent Price Action

On 6/28/24, EnerSys (NYSE: ENS) stock declined slightly by -0.1%, closing at $103.52. Moreover, this decline was accompanied by above average trading volume at 138% of normal. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.

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