Needham & Company Maintains a 'Buy' on EnerSys (ENS); Delivers A Solid Performance
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Price: $202.34 --0%
Rating Summary:
11 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 20
Rating Summary:
11 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 20
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Needham & Company maintains a 'Buy' on EnerSys (NYSE: ENS) price target of $30.00.
Needham analyst says, "The company delivered a strong quarter of results driven by broad based demand across various end-markets and geographic segments. The outlook is better than expected with volumes projected to increase as commodity costs fall. In our view, EnerSys is executing to plan and is well-positioned to benefit from a stabilizing economy given its prior streamlining efforts."
"The company’s near-term outlook is bullish with projected volume growth combined with lower commodity costs. We are increasing our FY3Q12 EPS to $0.67 (from $0.60) to reflect this. Our sales estimate is unchanged at $580 million." (Needham raises FY12 EPS estimate from $2.48 to $2.60 and FY13 from $2.71 to $2.80)
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 $22.06 yesterday.
Needham analyst says, "The company delivered a strong quarter of results driven by broad based demand across various end-markets and geographic segments. The outlook is better than expected with volumes projected to increase as commodity costs fall. In our view, EnerSys is executing to plan and is well-positioned to benefit from a stabilizing economy given its prior streamlining efforts."
"The company’s near-term outlook is bullish with projected volume growth combined with lower commodity costs. We are increasing our FY3Q12 EPS to $0.67 (from $0.60) to reflect this. Our sales estimate is unchanged at $580 million." (Needham raises FY12 EPS estimate from $2.48 to $2.60 and FY13 from $2.71 to $2.80)
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 $22.06 yesterday.
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