Enersys (NYSE:ENS) Downgraded by Wall Street Zen to Buy

Enersys (NYSE:ENS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings cut shares of Enersys from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. BTIG Research cut their target price on shares of Enersys from $280.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday. Oppenheimer reduced their price target on shares of Enersys from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Zacks Research lowered shares of Enersys from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Enersys presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.50.

Enersys Price Performance

Shares of ENS opened at $143.37 on Friday. The stock has a market cap of $5.17 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.21. Enersys has a 1 year low of $131.01 and a 1 year high of $244.30. The stock’s 50-day moving average price is $171.99 and its two-hundred day moving average price is $190.40. The company has a current ratio of 2.39, a quick ratio of 1.83 and a debt-to-equity ratio of 0.41.

Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 11th. The industrial products company reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.03. The company had revenue of $949.90 million during the quarter, compared to analysts’ expectations of $968.76 million. Enersys had a return on equity of 25.03% and a net margin of 9.86%. Enersys’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.56 EPS. Enersys has set its Q3 2027 guidance at 3.050-3.150 EPS. On average, equities analysts predict that Enersys will post 13.41 earnings per share for the current year.

Hedge Funds Weigh In On Enersys

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Enersys during the 2nd quarter worth approximately $1,221,455,000. Bank of America Corp DE raised its holdings 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 buying an additional 29,364 shares during the period. Paradigm Capital Management Inc. NY bought a new position in Enersys in the second quarter valued at approximately $102,249,000. Arrowstreet Capital Limited Partnership lifted its stake in Enersys by 6.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 345,303 shares of the industrial products company’s stock valued at $59,986,000 after buying an additional 20,767 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Enersys in the second quarter valued at approximately $69,388,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Enersys

Investors following ENS have been watching these headlines:

• Positive Sentiment: Data-center demand, defense business and the Ultralife deal were cited as growth and market-share supports. EnerSys, Ultralife Deal Helps Grow Market Share
• Neutral Sentiment: Oppenheimer cut its target from $250 to $210 but kept an Outperform rating; BTIG lowered its target from $280 to $250 while maintaining Buy. Both targets remain above the recent share price. Oppenheimer stock recommendations BTIG Research stock recommendations
• Neutral Sentiment: EnerSys declared a quarterly dividend of $0.2875 per share, equivalent to $1.15 annually. EnerSys reports fiscal second-quarter results and declares dividend

Enersys Company Profile

EnerSys (NYSE: ENS) is a global provider of stored-energy solutions for industrial applications. Its products include batteries, chargers, power-conversion equipment and energy-storage systems, along with related services such as installation, maintenance and recycling. The company serves customers in markets including material handling, telecommunications, data centers, utilities, aerospace and defense, and transportation. Its offerings include lead-acid and lithium-ion batteries and other power systems designed for applications ranging from forklifts and other industrial vehicles to backup and grid-support power.