Shares of EnerSys (NYSE:ENS) have been given an average recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $78.00.
ENS has been the topic of a number of recent research reports. Oppenheimer reissued a “buy” rating and issued a $77.00 target price (down previously from $82.00) on shares of EnerSys in a research report on Wednesday, November 1st. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. CL King raised EnerSys from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. Sidoti lowered EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Tuesday, January 23rd. Finally, ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
In other EnerSys news, insider Todd M. Sechrist sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of ENS. Advisor Group Inc. boosted its stake in shares of EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 18 shares during the period. Zions Bancorporation bought a new position in shares of EnerSys during the 3rd quarter worth approximately $130,000. Flinton Capital Management LLC boosted its stake in shares of EnerSys by 68.1% during the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 784 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 769 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of EnerSys during the 3rd quarter worth approximately $188,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EnerSys (NYSE:ENS) opened at $71.36 on Friday. EnerSys has a 12-month low of $61.33 and a 12-month high of $84.74. The firm has a market capitalization of $3,130.00, a PE ratio of 31.86, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.49 and a current ratio of 3.47.
EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The business had revenue of $658.90 million for the quarter, compared to analyst estimates of $634.75 million. During the same quarter last year, the firm earned $1.18 EPS. EnerSys’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities research analysts forecast that EnerSys will post 4.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s dividend payout ratio (DPR) is 31.25%.
EnerSys declared that its board has authorized a stock buyback program on Wednesday, November 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
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EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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