Enersys (NYSE:ENS) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Enersys (NYSE:ENS) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. TD Cowen raised their price target on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Roth Capital reiterated a “buy” rating and issued a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. Finally, BTIG Research restated a “buy” rating and issued a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $265.00.

Enersys Price Performance

ENS stock opened at $194.13 on Tuesday. The firm has a market cap of $7.00 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.00 and a beta of 1.19. The firm’s fifty day moving average is $204.75 and its 200 day moving average is $197.77. Enersys has a 52 week low of $97.03 and a 52 week high of $244.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.80.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million during the quarter, compared to the consensus estimate of $928.01 million. During the same period in the previous year, the firm posted $2.08 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Research analysts predict that Enersys will post 13.41 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 paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. This is a boost from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. Enersys’s payout ratio is presently 11.24%.

Institutional Trading of Enersys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENS. Susquehanna Fundamental Investments LLC increased its position in Enersys by 270.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 25,717 shares of the industrial products company’s stock valued at $6,013,000 after purchasing an additional 18,778 shares during the period. Cookson Peirce & Co. Inc. lifted its position in shares of Enersys by 11.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 9,941 shares of the industrial products company’s stock worth $2,324,000 after purchasing an additional 987 shares during the period. Nissay Asset Management Corp Japan lifted its position in shares of Enersys by 49.4% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 8,631 shares of the industrial products company’s stock worth $2,018,000 after purchasing an additional 2,852 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Enersys by 80.1% during the 2nd quarter. Hsbc Holdings PLC now owns 72,021 shares of the industrial products company’s stock valued at $16,856,000 after purchasing an additional 32,034 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Enersys during the 2nd quarter valued at about $22,893,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

About Enersys

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.