TheStreet upgraded shares of EnerSys (NYSE:ENS) from a c+ rating to a b- rating in a research note published on Thursday morning, TheStreetRatingsTable reports.
Several other brokerages have also issued reports on ENS. ValuEngine raised EnerSys from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Oppenheimer set a $78.00 target price on EnerSys and gave the company a buy rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered EnerSys from a buy rating to a hold rating and set a $63.00 target price for the company. in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. EnerSys currently has a consensus rating of Buy and a consensus target price of $78.44.
NYSE:ENS traded up $0.20 during trading hours on Thursday, hitting $69.95. 191,262 shares of the company traded hands, compared to its average volume of 325,417. The company has a quick ratio of 1.67, a current ratio of 2.54 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $66.07 and its 200-day simple moving average is $63.87. EnerSys has a one year low of $53.56 and a one year high of $89.83. The company has a market cap of $3.06 billion, a PE ratio of 14.19, a PEG ratio of 1.39 and a beta of 1.58.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.03. EnerSys had a return on equity of 17.13% and a net margin of 5.58%. The business had revenue of $762.10 million for the quarter, compared to analysts’ expectations of $759.49 million. During the same period last year, the business earned $1.17 EPS. The business’s revenue was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that EnerSys will post 5.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s dividend payout ratio is presently 14.20%.
Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of EnerSys by 133.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 278 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in EnerSys by 20.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 212 shares during the last quarter. Exane Derivatives purchased a new stake in EnerSys in the 2nd quarter worth about $124,000. First Interstate Bank increased its holdings in EnerSys by 21.7% in the 2nd quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 500 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in EnerSys by 87.0% in the 2nd quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 1,316 shares during the last quarter. 95.82% of the stock is owned by hedge funds and other institutional investors.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that 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 medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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