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Research analysts at Maxim Group cut their price target on shares of EnerSys (NYSE:ENS) from $85.00 to $80.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Maxim Group’s target price indicates a potential upside of 37.50% from the stock’s previous close.

EnerSys (NYSE:ENS) opened at 58.18 on Friday. EnerSys has a 52 week low of $51.15 and a 52 week high of $74.17. The stock has a 50-day moving average of $66.59 and a 200-day moving average of $68.34. The company has a market cap of $2.730 billion and a price-to-earnings ratio of 21.07.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 6th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.03. The company had revenue of $634.10 million for the quarter, compared to the consensus estimate of $657.82 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that EnerSys will post $4.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, September 10th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of EnerSys from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $74.90 price target on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of EnerSys in a research note on Wednesday, May 28th. They set a “buy” rating and a $80.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. EnerSys presently has an average rating of “Buy” and an average price target of $75.18.

EnerSys, is a manufacturer, marketer and distributor of industrial batteries. It manufactures , market and distributes related products, such as chargers, power equipment and battery accessories, and it provides related after-market and customer-support services for industrial batteries.

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