EnerSys (ENS) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of EnerSys (NYSE:ENS) from a hold rating to a buy rating in a research report released on Saturday morning.
ENS has been the subject of several other reports. TheStreet downgraded shares of EnerSys from a b rating to a c+ rating in a research note on Friday, February 9th. Zacks Investment Research raised shares of EnerSys from a sell rating to a hold rating in a research note on Wednesday, November 15th. CL King raised shares of EnerSys from a neutral rating to a buy rating in a research note on Tuesday, January 16th. Finally, Sidoti downgraded shares of EnerSys from a buy rating to a neutral rating and set a $79.00 price target for the company. in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $78.00.
EnerSys (ENS) opened at $71.68 on Friday. The company has a market cap of $3,000.00, a PE ratio of 17.57, a PEG ratio of 1.58 and a beta of 1.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.53 and a current ratio of 3.47. EnerSys has a one year low of $61.33 and a one year high of $84.74.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, March 15th. EnerSys’s payout ratio is currently 17.16%.
A number of hedge funds have recently added to or reduced their stakes in ENS. Zions Bancorporation bought a new position in EnerSys in the third quarter worth about $130,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in EnerSys by 45.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after buying an additional 769 shares in the last quarter. Victory Capital Management Inc. bought a new position in EnerSys in the third quarter worth about $188,000. Brown Advisory Inc. bought a new position in EnerSys in the third quarter worth about $208,000. Finally, Fox Run Management L.L.C. bought a new position in EnerSys in the fourth quarter worth about $244,000. 97.19% of the stock is owned by institutional investors.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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