EnerSys (NYSE:ENS) has received an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $90.92.
A number of research firms have recently commented on ENS. Zacks Investment Research downgraded shares of EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. ValuEngine downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, William Blair upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price objective for the company in a research note on Thursday, December 20th.
EnerSys stock opened at $67.36 on Friday. EnerSys has a one year low of $65.93 and a one year high of $89.83. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.91 and a quick ratio of 2.00. The stock has a market cap of $2.90 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.24 by ($0.07). EnerSys had a return on equity of 16.55% and a net margin of 7.26%. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.80 million. During the same quarter in the prior year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that EnerSys will post 4.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.70 annualized dividend and a yield of 1.04%. EnerSys’s dividend payout ratio (DPR) is currently 15.05%.
In related news, insider Todd M. Sechrist sold 24,039 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total value of $1,696,672.62. Following the completion of the sale, the insider now directly owns 41,244 shares in the company, valued at approximately $2,911,001.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
A number of large investors have recently modified their holdings of ENS. Mirae Asset Global Investments Co. Ltd. acquired a new stake in EnerSys during the third quarter worth approximately $60,635,000. Norges Bank acquired a new stake in EnerSys during the fourth quarter worth approximately $50,092,000. Lord Abbett & CO. LLC lifted its position in EnerSys by 246.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 457,508 shares of the industrial products company’s stock worth $35,507,000 after acquiring an additional 325,276 shares during the last quarter. BlackRock Inc. lifted its position in EnerSys by 3.3% during the fourth quarter. BlackRock Inc. now owns 4,855,209 shares of the industrial products company’s stock worth $376,814,000 after acquiring an additional 154,221 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in EnerSys by 10.7% during the third quarter. Alliancebernstein L.P. now owns 1,480,343 shares of the industrial products company’s stock worth $128,982,000 after acquiring an additional 143,345 shares during the last quarter. Institutional investors and hedge funds own 94.95% 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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