Enersys (NYSE:ENS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enersys (NYSE:ENS) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

Other equities analysts also recently issued reports about the stock. BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a report on Thursday, August 13th. TD Cowen raised their target price on shares of Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings cut shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Roth Capital reaffirmed a “buy” rating and set a $265.00 target price on shares of Enersys in a report on Friday, May 22nd. Finally, Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $265.00.

Enersys Stock Performance

ENS opened at $202.30 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.51. Enersys has a 12-month low of $97.03 and a 12-month high of $244.30. The business has a 50 day moving average of $205.79 and a 200-day moving average of $197.56. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.10 and a beta of 1.19.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.83. Enersys had a return on equity of 24.02% and a net margin of 9.29%.The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same period in the previous year, the firm earned $2.08 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, equities research analysts expect that Enersys will post 12.29 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be given a $0.2875 dividend. The ex-dividend date of this dividend is Friday, September 18th. This is a boost from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.6%. Enersys’s dividend payout ratio (DPR) is presently 11.24%.

Hedge Funds Weigh In On Enersys

A number of hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. raised its position in shares of Enersys by 454.5% in the fourth quarter. QRG Capital Management Inc. now owns 10,308 shares of the industrial products company’s stock valued at $1,513,000 after buying an additional 8,449 shares in the last quarter. Principal Financial Group Inc. grew its position in Enersys by 10.1% during the first quarter. Principal Financial Group Inc. now owns 551,045 shares of the industrial products company’s stock worth $95,728,000 after buying an additional 50,660 shares in the last quarter. M&T Bank Corp acquired a new stake in Enersys during the fourth quarter worth approximately $11,963,000. Bank of America Corp DE increased its stake in Enersys by 6.8% during the 1st quarter. Bank of America Corp DE now owns 459,504 shares of the industrial products company’s stock worth $79,825,000 after acquiring an additional 29,364 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Enersys in the 1st quarter valued at $10,319,000. 94.93% of the stock is owned by institutional investors.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.