EnerSys (NYSE:ENS) receives consensus PT of $118.00 from the brokerage

VaselineAugust 31, 2024

0 4 minutes read

Shares of EnerSys (NYSE:ENS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $118.00.

ENS has been the subject of several recent analyst reports. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Roth Mkm initiated coverage on EnerSys in a report on Tuesday. They issued a “buy” rating and a $120.00 price target for the company. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday. Finally, StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday.

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EnerSys stock up 1.1%

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Shares of NYSE ENS opened at $101.37 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50, and a current ratio of 2.46. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The stock has a market cap of $4.08 billion, a P/E ratio of 15.60, a PEG ratio of 0.67 and a beta of 1.28. The stock’s fifty-day moving average is $101.69, and its 200-day moving average is $97.76.

EnerSys (NYSE:ENS – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. EnerSys’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the company posted earnings of $1.89 per share. sell-side analysts forecast that EnerSys will post 8.74 earnings per share for the current fiscal year.

EnerSys increases dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.24 dividend. The ex-dividend date is Monday, September 16. This represents an annualized dividend of $0.96 and a yield of 0.95%. This is an increase from EnerSys’ previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

Insider buying and selling at EnerSys

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. In related news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. Also, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $2,271,843 over the last 90 days. Corporate insiders own 1.61% of the company’s shares.

Hedge funds influence EnerSys

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank na grew its position in shares of EnerSys by 36.2% in the second quarter. UMB Bank now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares during the last quarter. Silver Lake Advisory LLC raised its position in shares of EnerSys by 0.5% in the 4th quarter. Silver Lake Advisory LLC now owns 27,261 shares of the industrial products company’s stock worth $2,752,000 after buying an additional 126 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of EnerSys by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 126 shares during the last quarter. Aurora Investment Counsel increased its position in shares of EnerSys by 0.7% in the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after purchasing an additional 139 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock worth $4,794,000 after purchasing an additional 154 shares in the last quarter. 94.93% of shares are currently owned by institutional investors.

EnerSys Company Profile

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EnerSys is committed to providing stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty and New Ventures. The Energy Systems segment provides uninterruptible power supply (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; electrical switchgear and control systems used in industrial and electric utility installations, large-scale energy storage and power pipelines; integrated energy solutions and services for broadband, telecommunications, data centers and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.