Enersys (NYSE:ENS) Downgraded by Zacks Research to “Hold”

Enersys (NYSE:ENS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other equities research analysts also recently weighed in on ENS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a research report on Tuesday, September 22nd. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Finally, BTIG Research reissued a “buy” rating and issued a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.00.

Enersys Price Performance

Shares of NYSE ENS opened at $173.09 on Tuesday. Enersys has a twelve month low of $116.87 and a twelve month high of $244.30. 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 market capitalization of $6.24 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The business has a 50 day simple moving average of $184.39 and a 200-day simple moving average of $200.95.

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

Hedge Funds Weigh In On Enersys

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in Enersys in the second quarter worth approximately $34,000. Quantbot Technologies LP acquired a new position in shares of Enersys during the 2nd quarter valued at $39,000. Trust Co. of Vermont acquired a new position in shares of Enersys during the 2nd quarter valued at $57,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Enersys during the 2nd quarter valued at $58,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Enersys by 196.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 365 shares of the industrial products company’s stock worth $54,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Company Profile

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

Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.