Shares of EnerSys (NYSE:ENS) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $80.00.

A number of brokerages have commented on ENS. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Oppenheimer restated a “buy” rating and issued a $77.00 target price on shares of EnerSys in a research note on Thursday, November 9th.

In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the completion of the sale, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in EnerSys during the second quarter valued at approximately $116,256,000. Royce & Associates LP lifted its position in EnerSys by 4,393.4% during the third quarter. Royce & Associates LP now owns 494,277 shares of the industrial products company’s stock valued at $34,189,000 after acquiring an additional 483,277 shares during the last quarter. Koch Industries Inc. purchased a new stake in EnerSys during the second quarter valued at approximately $302,000. Thompson Siegel & Walmsley LLC lifted its position in EnerSys by 125.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 322,131 shares of the industrial products company’s stock valued at $22,282,000 after acquiring an additional 179,021 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its position in EnerSys by 139.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 306,782 shares of the industrial products company’s stock valued at $21,220,000 after acquiring an additional 178,738 shares during the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.

Shares of EnerSys (ENS) traded up $2.05 during mid-day trading on Tuesday, reaching $72.13. 376,900 shares of the company’s stock were exchanged, compared to its average volume of 248,311. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49. The company has a market cap of $3,130.00, a P/E ratio of 19.60, a P/E/G ratio of 2.63 and a beta of 1.68. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million for the quarter, compared to the consensus estimate of $603.54 million. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. analysts expect that EnerSys will post 4.58 earnings per share for the current fiscal year.

EnerSys announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 0.97%. EnerSys’s payout ratio is presently 19.02%.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/16/enersys-ens-given-consensus-recommendation-of-hold-by-analysts.html.

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.

Receive News & Ratings for EnerSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnerSys and related companies with MarketBeat.com's FREE daily email newsletter.