Analysts Set EnerSys (ENS) Target Price at $77.00

Shares of EnerSys (NYSE:ENS) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $77.00.

Several brokerages recently issued reports on ENS. Zacks Investment Research upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Monday, May 21st. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Sidoti upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research report on Monday, May 7th. Finally, TheStreet lowered shares of EnerSys from a “b” rating to a “c+” rating in a research report on Friday, February 9th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its position in EnerSys by 31.4% during the fourth quarter. Deutsche Bank AG now owns 341,168 shares of the industrial products company’s stock valued at $23,754,000 after buying an additional 81,494 shares during the period. OppenheimerFunds Inc. boosted its position in EnerSys by 14.9% during the fourth quarter. OppenheimerFunds Inc. now owns 11,685 shares of the industrial products company’s stock valued at $814,000 after buying an additional 1,512 shares during the period. Teacher Retirement System of Texas boosted its position in EnerSys by 314.9% during the fourth quarter. Teacher Retirement System of Texas now owns 14,915 shares of the industrial products company’s stock valued at $1,039,000 after buying an additional 11,320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EnerSys by 45.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock valued at $172,000 after buying an additional 769 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in EnerSys by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,022,755 shares of the industrial products company’s stock valued at $71,215,000 after buying an additional 142,005 shares during the period. Institutional investors and hedge funds own 96.30% of the company’s stock.



EnerSys traded down $0.16, hitting $80.20, during midday trading on Monday, MarketBeat reports. The company had a trading volume of 171,583 shares, compared to its average volume of 222,035. EnerSys has a 52-week low of $61.33 and a 52-week high of $84.24. The firm has a market capitalization of $3.37 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.53 and a current ratio of 3.47.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, May 16th. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.01. EnerSys had a net margin of 4.63% and a return on equity of 17.52%. The company had revenue of $683.00 million during the quarter, compared to analyst estimates of $669.19 million. During the same period in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. sell-side analysts forecast that EnerSys will post 5.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.70 annualized dividend and a yield of 0.87%. EnerSys’s payout ratio is 15.05%.

EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers chargers, outdoor cabinet enclosures, power equipment, and battery accessories, 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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