Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for EnerSys (NYSE: ENS) improved of late. ENS’ current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/8/24, EnerSys (NYSE: ENS) stock increased 1.8%, closing at $97.44. Moreover, this advance was accompanied by unusually high trading volume at 167% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.6% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ener has a slightly negative Appreciation Score of 36 and a neutral Power Rating of 55, with the Low Neutral Value Trend Rating the result.
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