EnerSys (NYSE:ENS) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of EnerSys (NYSE:ENS) from a c+ rating to a b- rating in a report released on Thursday, TheStreetRatingsTable reports.

ENS has been the subject of several other research reports. Oppenheimer set a $78.00 price objective on EnerSys and gave the company a buy rating in a research note on Friday, August 9th. Zacks Investment Research downgraded EnerSys from a buy rating to a hold rating and set a $63.00 price objective for the company. in a research note on Wednesday, October 9th. Finally, ValuEngine raised shares of EnerSys from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $78.44.

Shares of EnerSys stock traded up $0.20 on Thursday, hitting $69.95. The stock had a trading volume of 191,262 shares, compared to its average volume of 325,417. The stock has a 50 day moving average of $66.07 and a 200 day moving average of $63.87. EnerSys has a twelve month low of $53.56 and a twelve month high of $89.83. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.67 and a current ratio of 2.54. The firm has a market capitalization of $3.06 billion, a P/E ratio of 14.19, a PEG ratio of 1.39 and a beta of 1.58.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. EnerSys had a return on equity of 17.13% and a net margin of 5.58%. The company had revenue of $762.10 million during the quarter, compared to the consensus estimate of $759.49 million. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. Equities analysts expect that EnerSys will post 5.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, December 12th. EnerSys’s dividend payout ratio is presently 14.20%.

A number of large investors have recently added to or reduced their stakes in ENS. Meeder Asset Management Inc. increased its position in EnerSys by 133.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 278 shares during the period. Parkside Financial Bank & Trust increased its position in EnerSys by 20.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 212 shares during the period. Exane Derivatives acquired a new stake in EnerSys during the 2nd quarter valued at approximately $124,000. First Interstate Bank increased its position in EnerSys by 21.7% during the 2nd quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 500 shares during the period. Finally, First Mercantile Trust Co. increased its position in EnerSys by 87.0% during the 2nd quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 1,316 shares during the period. 95.82% of the stock is owned by institutional investors and hedge funds.

EnerSys Company Profile

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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