Needham & Company Reiterates a 'Buy' on EnerSys (ENS); Near-term Financial Visibility is Solid
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Price: $49.70 -0.42%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade ENS Now!
Needham & Company reiterates a 'Buy' on EnerSys (NYSE: ENS) price target of $37.00.
Analyst, Michael Lew, said, "The key takeaway from our meetings with EnerSys management (Treasurer Tom O'Neill) is that there is financial visibility through the summer with backlog at a record level. We also note that the leveraging of Thin Plate Pure Lead (TPPL) in motive power could eventually provide a margin boost in Europe. In our view, EnerSys is positioned to deliver solid June quarter financial performance."
For an analyst ratings summary and ratings history on EnerSys click here. For more ratings news on EnerSys click here.
Shares of EnerSys closed at $33.92 yesterday, with a 52 week range of $17.35-$36.48.
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Analyst, Michael Lew, said, "The key takeaway from our meetings with EnerSys management (Treasurer Tom O'Neill) is that there is financial visibility through the summer with backlog at a record level. We also note that the leveraging of Thin Plate Pure Lead (TPPL) in motive power could eventually provide a margin boost in Europe. In our view, EnerSys is positioned to deliver solid June quarter financial performance."
For an analyst ratings summary and ratings history on EnerSys click here. For more ratings news on EnerSys click here.
Shares of EnerSys closed at $33.92 yesterday, with a 52 week range of $17.35-$36.48.
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