Enersys (NYSE:ENS) Stock Has Consensus Target Price of $265.00

Enersys (NYSE:ENS) has been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $265.00.

ENS has been the topic of several research reports. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. BTIG Research reiterated a “buy” rating and set a $280.00 price target on shares of Enersys in a report on Thursday, August 13th. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enersys in a research note on Tuesday, September 22nd. Finally, Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ENS. Cim Investment Management Inc. increased its position in Enersys by 7.2% during the second quarter. Cim Investment Management Inc. now owns 3,577 shares of the industrial products company’s stock worth $836,000 after buying an additional 241 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Enersys by 17.4% in the second quarter. QRG Capital Management Inc. now owns 18,583 shares of the industrial products company’s stock worth $4,345,000 after buying an additional 2,753 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Enersys by 14.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,864 shares of the industrial products company’s stock worth $436,000 after acquiring an additional 241 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Enersys by 9.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,734 shares of the industrial products company’s stock worth $1,341,000 after acquiring an additional 513 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Enersys by 18.4% during the 2nd quarter. Tidal Investments LLC now owns 81,387 shares of the industrial products company’s stock valued at $19,030,000 after acquiring an additional 12,640 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Enersys Stock Down 1.5%

ENS stock opened at $193.26 on Friday. The company has a 50 day moving average of $185.22 and a two-hundred day moving average of $200.46. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.98 and a beta of 1.18. Enersys has a 12-month low of $108.88 and a 12-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 posted its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $928.01 million. During the same period in the previous year, the company posted $2.08 EPS. Enersys’s revenue was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. On average, equities analysts anticipate that Enersys will post 13.41 earnings per share for the current fiscal year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 18th were given a $0.2875 dividend. This is a positive change from Enersys’s previous quarterly dividend of $0.2625. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, September 18th. Enersys’s payout ratio is presently 12.31%.

About Enersys

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.