Shares of EnerSys (NYSE:ENS – Get Free Report) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $118.00.
A number of equities analysts have recently commented on ENS shares. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Finally, StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th.
View Our Latest Stock Analysis on ENS
Insiders Place Their Bets
Institutional Trading of EnerSys
A number of institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its position in EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP bought a new position in shares of EnerSys during the second quarter valued at approximately $14,012,000. AQR Capital Management LLC lifted its stake in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after acquiring an additional 133,211 shares during the period. Great Lakes Advisors LLC bought a new stake in EnerSys in the second quarter valued at $10,765,000. Finally, Deprince Race & Zollo Inc. raised its holdings in EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after purchasing an additional 92,398 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.
EnerSys Stock Down 0.8 %
ENS opened at $102.27 on Thursday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. EnerSys has a one year low of $83.27 and a one year high of $112.53. The company has a fifty day moving average price of $99.37 and a 200-day moving average price of $99.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66.
EnerSys (NYSE:ENS – Get Free Report) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. Equities research analysts expect that EnerSys will post 8.94 earnings per share for the current fiscal year.
EnerSys Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.
EnerSys Company Profile
EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
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