EnerSys (NYSE:ENS) Lifted to “B-” at TheStreet

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

A number of other equities analysts have also weighed in on ENS. ValuEngine raised EnerSys from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Oppenheimer set a $78.00 target price on EnerSys and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Zacks Investment Research lowered EnerSys from a buy rating to a hold rating and set a $63.00 target price for the company. in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $78.44.

NYSE:ENS traded up $0.20 during mid-day trading on Thursday, reaching $69.95. The company’s stock had a trading volume of 191,262 shares, compared to its average volume of 325,417. EnerSys has a 12-month low of $53.56 and a 12-month high of $89.83. The firm’s fifty day moving average price is $66.07 and its two-hundred day moving average price is $63.87. The company has a current ratio of 2.54, a quick ratio of 1.67 and a debt-to-equity ratio of 0.75. The stock has a market cap 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 issued its earnings results on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $762.10 million during the quarter, compared to analyst estimates of $759.49 million. During the same quarter in the previous year, the firm earned $1.17 EPS. EnerSys’s revenue was up 15.4% on a year-over-year basis. Analysts predict that EnerSys will post 5.18 earnings per share for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System increased its position in shares of EnerSys by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 31,105 shares of the industrial products company’s stock valued at $2,131,000 after purchasing an additional 193 shares during the last quarter. First Interstate Bank increased its position in shares of EnerSys by 7.0% during the 3rd quarter. First Interstate Bank now owns 3,002 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 197 shares during the last quarter. Strs Ohio increased its position in shares of EnerSys by 5.4% during the 2nd quarter. Strs Ohio now owns 3,900 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 200 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of 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 last quarter. Finally, ETRADE Capital Management LLC increased its position in shares of EnerSys by 2.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 10,620 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 237 shares during the last quarter. 95.82% of the stock is owned by hedge funds and other institutional investors.

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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