Enersys (NYSE:ENS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Six analysts give Enersys an average rating of "Moderate Buy" (five buy, one hold) with a mean 1‑year price target of $180.25; recent bullish moves include Roth MKM raising its target to $208 and TD Cowen initiating coverage at $190.
• Share price & fundamentals: The stock opened at $220.36 (near its 1‑year high of $221.08), with a market cap of $8.12B, P/E of 27.3 and PEG of 1.17; latest quarter showed a slight EPS beat ($2.77 vs $2.73) but a revenue miss ($919.1M vs $932.1M est.).
• Institutional ownership: Institutional investors hold about 94.93% of Enersys, with several firms (notably New South Capital and First Trust) materially increasing their stakes recently.

Enersys (NYSE:ENS - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $180.25.

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Enersys from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. Roth Mkm restated a "buy" rating and issued a $208.00 target price (up from $164.00) on shares of Enersys in a research note on Tuesday, February 3rd. TD Cowen initiated coverage on Enersys in a research note on Thursday, March 19th. They issued a "buy" rating and a $190.00 target price on the stock. Zacks Research cut Enersys from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Finally, BTIG Research boosted their target price on Enersys from $175.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, February 5th.

Enersys Price Performance

Enersys stock opened at $220.36 on Wednesday. The firm has a market capitalization of $8.12 billion, a P/E ratio of 27.31, a PEG ratio of 1.17 and a beta of 1.17. Enersys has a 1 year low of $76.60 and a 1 year high of $221.08. The business has a 50-day moving average of $180.15 and a 200-day moving average of $161.32. The company has a current ratio of 2.75, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.04. Enersys had a return on equity of 21.27% and a net margin of 8.37%.The company had revenue of $919.10 million during the quarter, compared to analyst estimates of $932.13 million. During the same period in the previous year, the company earned $3.12 EPS. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Enersys will post 10.35 EPS for the current year.

Institutional Investors Weigh In On Enersys

Institutional investors have recently bought and sold shares of the company. Cardinal Capital Management bought a new stake in Enersys in the 3rd quarter valued at approximately $1,311,000. SG Americas Securities LLC lifted its stake in Enersys by 279.0% in the 3rd quarter. SG Americas Securities LLC now owns 14,351 shares of the industrial products company's stock valued at $1,621,000 after acquiring an additional 10,564 shares in the last quarter. AXQ Capital LP acquired a new position in shares of Enersys during the 3rd quarter worth approximately $657,000. New South Capital Management Inc. increased its position in shares of Enersys by 22.6% during the 3rd quarter. New South Capital Management Inc. now owns 857,600 shares of the industrial products company's stock worth $96,874,000 after purchasing an additional 158,267 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Enersys by 9.4% during the 3rd quarter. First Trust Advisors LP now owns 965,026 shares of the industrial products company's stock worth $109,009,000 after purchasing an additional 82,944 shares during the last quarter. Institutional investors own 94.93% of the company's stock.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.

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