EnerSys (ENS) Given Average Recommendation of “Buy” by Analysts

Shares of EnerSys (NYSE:ENS) have been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $100.33.

A number of research firms have recently weighed in on ENS. ValuEngine cut EnerSys from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research cut EnerSys from a “hold” rating to a “sell” rating in a report on Monday, August 13th. Sidoti set a $106.00 price target on EnerSys and gave the company a “buy” rating in a report on Tuesday, October 30th. Oppenheimer reaffirmed a “buy” rating on shares of EnerSys in a report on Tuesday, October 30th. Finally, Citigroup lifted their price target on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENS. Principal Financial Group Inc. raised its holdings in shares of EnerSys by 0.4% during the first quarter. Principal Financial Group Inc. now owns 183,249 shares of the industrial products company’s stock valued at $12,712,000 after buying an additional 788 shares during the last quarter. Bank of Montreal Can bought a new stake in EnerSys during the second quarter worth approximately $355,000. Aperio Group LLC raised its holdings in EnerSys by 7.0% during the second quarter. Aperio Group LLC now owns 21,992 shares of the industrial products company’s stock worth $1,641,000 after purchasing an additional 1,447 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in EnerSys by 19.0% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 39,330 shares of the industrial products company’s stock worth $2,936,000 after purchasing an additional 6,270 shares in the last quarter. Finally, Smith Asset Management Group LP bought a new stake in EnerSys during the second quarter worth approximately $1,050,000. 97.61% of the stock is currently owned by institutional investors.

Shares of ENS stock opened at $81.02 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.40 and a quick ratio of 2.53. EnerSys has a 52 week low of $62.85 and a 52 week high of $89.72. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.64 and a beta of 1.41.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 7th. The industrial products company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. EnerSys had a return on equity of 17.46% and a net margin of 4.54%. The company had revenue of $660.50 million during the quarter, compared to the consensus estimate of $659.18 million. During the same period in the previous year, the firm posted $1.05 earnings per share. EnerSys’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that EnerSys will post 5.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.86%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.

About EnerSys

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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