Enersys (NYSE:ENS) Receives Average Recommendation of “Buy” from Brokerages

Enersys (NYSE:ENS) has received an average rating of “Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $265.00.

Several research analysts have recently commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Enersys in a research note on Tuesday, September 22nd. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th.

Enersys Stock Down 5.2%

Enersys stock opened at $182.42 on Friday. The company’s 50-day moving average price is $185.52 and its two-hundred day moving average price is $200.76. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. The stock has a market cap of $6.58 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.96 and a beta of 1.18. Enersys has a twelve month low of $108.88 and a twelve month high of $244.30.

Enersys (NYSE:ENS) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.83. The company had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 earnings per share. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, analysts expect that Enersys will post 13.41 EPS for the current year.

Enersys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a dividend of $0.2875 per share. This is a positive change from Enersys’s previous quarterly dividend of $0.2625. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, September 18th. Enersys’s dividend payout ratio (DPR) is currently 12.31%.

Institutional Trading of Enersys

Institutional investors and hedge funds have recently made changes to their positions in the company. Cim Investment Management Inc. grew its position in Enersys by 7.2% in the second quarter. Cim Investment Management Inc. now owns 3,577 shares of the industrial products company’s stock valued at $836,000 after acquiring an additional 241 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Enersys by 17.4% in the second quarter. QRG Capital Management Inc. now owns 18,583 shares of the industrial products company’s stock worth $4,345,000 after acquiring an additional 2,753 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Enersys by 14.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 241 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Enersys by 9.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,734 shares of the industrial products company’s stock valued at $1,341,000 after purchasing an additional 513 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Enersys by 18.4% during the 2nd quarter. Tidal Investments LLC now owns 81,387 shares of the industrial products company’s stock valued at $19,030,000 after purchasing an additional 12,640 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Enersys Company Profile

EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.

Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.