Analysts Set Enersys (NYSE:ENS) PT at $265.00

Shares of Enersys (NYSE:ENS) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $265.00.

A number of research analysts have weighed in on ENS shares. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 14th. TD Cowen boosted their price target on shares of Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday, August 13th.

Enersys Stock Down 5.5%

ENS opened at $169.52 on Tuesday. Enersys has a 12 month low of $106.18 and a 12 month high of $244.30. The company has a market cap of $6.11 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $190.58 and a 200 day moving average of $198.64.

Enersys (NYSE:ENS) last issued its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.83. The business had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 EPS. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, sell-side analysts expect that Enersys will post 13.41 EPS for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be paid a $0.2875 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.15 dividend on an annualized basis and a yield of 0.7%. This is an increase from Enersys’s previous quarterly dividend of $0.26. Enersys’s dividend payout ratio is currently 11.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ENS. Sequoia Financial Advisors LLC increased its position in shares of Enersys by 9.8% in the second quarter. Sequoia Financial Advisors LLC now owns 5,734 shares of the industrial products company’s stock worth $1,341,000 after purchasing an additional 513 shares during the last quarter. Tidal Investments LLC grew its stake in Enersys by 18.4% in the 2nd quarter. Tidal Investments LLC now owns 81,387 shares of the industrial products company’s stock worth $19,030,000 after buying an additional 12,640 shares in the last quarter. Arlington Capital Management Inc. purchased a new position in Enersys in the 2nd quarter worth approximately $4,335,000. Engineers Gate Manager LP grew its position in Enersys by 17.8% in the second quarter. Engineers Gate Manager LP now owns 12,068 shares of the industrial products company’s stock worth $2,822,000 after acquiring an additional 1,825 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Enersys by 9.1% in the second quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.

Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.