Enersys (NYSE:ENS) Raised to “Strong-Buy” at Zacks Research

Enersys (NYSE:ENS) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently issued reports on ENS. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research report on Friday, August 14th. Weiss Ratings lowered shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Roth Capital reaffirmed a “buy” rating and set a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. TD Cowen increased their target price on Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Finally, BTIG Research reissued a “buy” rating and issued a $280.00 target price on shares of Enersys in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $265.00.

Enersys Stock Performance

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

Enersys (NYSE:ENS) last issued its quarterly earnings data 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. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million for the quarter, compared to the consensus estimate of $928.01 million. During the same period in the previous year, the firm earned $2.08 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, research analysts predict that Enersys will post 13.41 EPS for the current year.

Institutional Investors Weigh In On Enersys

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Enersys during the second quarter valued at approximately $1,221,455,000. Dimensional Fund Advisors LP lifted its holdings in shares of Enersys by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,627,245 shares of the industrial products company’s stock valued at $238,802,000 after purchasing an additional 30,760 shares during the last quarter. Invesco Ltd. boosted its position in shares of Enersys by 5.9% in the 3rd quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company’s stock worth $130,902,000 after purchasing an additional 64,503 shares in the last quarter. Boston Partners boosted its position in shares of Enersys by 4.7% in the 3rd quarter. Boston Partners now owns 680,174 shares of the industrial products company’s stock worth $76,973,000 after purchasing an additional 30,767 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Enersys by 30.3% in the 3rd quarter. AQR Capital Management LLC now owns 652,128 shares of the industrial products company’s stock worth $72,986,000 after buying an additional 151,589 shares during the last quarter. 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.