StockNews.com Lowers EnerSys (NYSE:ENS) to Buy

StockNews.com lowered shares of EnerSys (NYSE:ENS) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Several other analysts also recently weighed in on the company. Oppenheimer downgraded EnerSys from an outperform rating to a market perform rating in a research note on Friday, February 9th. BTIG Research downgraded EnerSys from a buy rating to a neutral rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $126.00.

EnerSys Stock Down 0.7 %

EnerSys stock opened at $107.18 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.53 and a current ratio of 2.46. The business’s 50-day simple moving average is $93.49 and its two-hundred day simple moving average is $93.82. The company has a market cap of $4.30 billion, a PE ratio of 16.49, a PEG ratio of 0.90 and a beta of 1.35. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $113.34.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 EPS. Equities analysts anticipate that EnerSys will post 8.54 EPS for the current year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.84%. EnerSys’s payout ratio is 13.85%.

Institutional Trading of EnerSys

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its stake in shares of EnerSys by 12.1% in the first quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after buying an additional 6,133 shares during the last quarter. Janus Henderson Group PLC raised its holdings in EnerSys by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after purchasing an additional 14,531 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in EnerSys by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock worth $4,255,000 after purchasing an additional 5,682 shares during the period. Quadrature Capital Ltd raised its holdings in EnerSys by 47.3% in the 1st quarter. Quadrature Capital Ltd now owns 6,072 shares of the industrial products company’s stock worth $574,000 after purchasing an additional 1,949 shares during the period. Finally, EntryPoint Capital LLC raised its holdings in EnerSys by 115.2% in the 1st quarter. EntryPoint Capital LLC now owns 2,576 shares of the industrial products company’s stock worth $243,000 after purchasing an additional 1,379 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Company Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.