EnerSys (ENS) Receives Consensus Rating of “Buy” from Analysts

EnerSys (NYSE:ENS) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $88.69.

Several research firms have weighed in on ENS. Oppenheimer lowered their price objective on shares of EnerSys from $94.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. ValuEngine cut shares of EnerSys from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Sidoti set a $101.00 price objective on shares of EnerSys and gave the company a “buy” rating in a research report on Friday, May 17th. TheStreet cut shares of EnerSys from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research cut shares of EnerSys from a “hold” rating to a “sell” rating in a research report on Monday, March 11th.

Several large investors have recently modified their holdings of ENS. Fort L.P. acquired a new stake in shares of EnerSys during the 1st quarter worth approximately $31,000. Rockefeller Capital Management L.P. acquired a new stake in shares of EnerSys during the 1st quarter worth approximately $32,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of EnerSys by 109.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 523 shares of the industrial products company’s stock worth $35,000 after buying an additional 273 shares during the period. Ffcm LLC grew its position in shares of EnerSys by 319.6% during the 4th quarter. Ffcm LLC now owns 470 shares of the industrial products company’s stock worth $36,000 after buying an additional 358 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of EnerSys by 1,168.8% during the 4th quarter. Bessemer Group Inc. now owns 977 shares of the industrial products company’s stock worth $76,000 after buying an additional 900 shares during the period. Institutional investors own 95.34% of the company’s stock.

ENS traded up $1.40 during midday trading on Friday, hitting $61.76. The company had a trading volume of 431,743 shares, compared to its average volume of 363,218. The company has a current ratio of 2.51, a quick ratio of 1.68 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $2.62 billion, a PE ratio of 12.53, a PEG ratio of 1.05 and a beta of 1.42. EnerSys has a twelve month low of $55.51 and a twelve month high of $89.83.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Thursday, May 16th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.01. The firm had revenue of $796.60 million during the quarter, compared to analysts’ expectations of $816.10 million. EnerSys had a net margin of 5.71% and a return on equity of 17.04%. On average, research analysts predict that EnerSys will post 5.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, June 13th. EnerSys’s dividend payout ratio is 14.20%.

About EnerSys

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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