EnerSys (NYSE:ENS) has received a consensus rating of "Hold" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $80.00.
ENS has been the subject of several recent research reports. Oppenheimer boosted their price target on EnerSys from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. TheStreet upgraded EnerSys from a "c+" rating to a "b-" rating in a research note on Monday, September 28th.
Shares of ENS stock opened at $73.35 on Friday. The company has a current ratio of 2.81, a quick ratio of 1.87 and a debt-to-equity ratio of 0.79. The stock has a market cap of $3.12 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57. The stock has a 50 day simple moving average of $69.53 and a 200 day simple moving average of $64.13. EnerSys has a 1 year low of $35.21 and a 1 year high of $80.22.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.25. The business had revenue of $704.90 million during the quarter, compared to analysts' expectations of $696.50 million. EnerSys had a return on equity of 13.74% and a net margin of 4.11%. Analysts forecast that EnerSys will post 4.44 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, September 10th. EnerSys's payout ratio is presently 14.96%.
In other EnerSys news, insider Andrew M. Zogby sold 4,352 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $74.07, for a total transaction of $322,352.64. Following the completion of the sale, the insider now directly owns 21,728 shares in the company, valued at $1,609,392.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.67% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of EnerSys by 6,813.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,037 shares of the industrial products company's stock worth $51,000 after buying an additional 1,022 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of EnerSys by 34.3% during the second quarter. Macquarie Group Ltd. now owns 1,746 shares of the industrial products company's stock worth $112,000 after buying an additional 446 shares in the last quarter. Emerald Advisers LLC acquired a new position in shares of EnerSys during the second quarter worth $180,000. Palouse Capital Management Inc. acquired a new position in shares of EnerSys during the second quarter worth $201,000. Finally, Poplar Forest Capital LLC acquired a new position in shares of EnerSys during the second quarter worth $204,000. Institutional investors own 94.88% of the company's stock.
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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