BTIG analyst Gregory Lewis reiterated a Buy rating on Enersys on Thursday, setting a price target of $125, which is approximately 55.59% above the present share price of $80.34.
Lewis expects Enersys to post earnings per share (EPS) of $1.03 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in EnerSys (NYSE:ENS), with an average price target of $110.67.
The analysts price targets range from a high of $125 to a low of $90.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $814.89 million and a net profit of $68.73 million. The company's market cap is $3.42 billion.
According to TipRanks.com, BTIG analyst Gregory Lewis is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -2.3% and a 44.81% success rate.
EnerSys manufactures and markets industrial batteries. It engages in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment and battery accessories to customers. The company operates its business in two primary industrial battery product lines: Motive power batteries and Reserve power batteries. The Motive power batteries, which are used to provide power for manufacturing, warehousing and other material handling equipment, primarily electric industrial forklift trucks, mining equipment, diesel locomotive starting and other rail equipment. The Reserve power batteries, which are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems, applications for computer and computer-controlled systems, and other specialty power applications, including security systems, premium starting, lighting and ignition applications, in switchgear, electrical control systems used in electric utilities, large scale energy storage, energy pipelines, in commercial aircraft, satellites, military aircraft, submarines, ships and tactical vehicles. EnerSys was founded in October 2000 and is headquartered in Reading, PA.