Enersys (NYSE:ENS) Receives $265.00 Consensus Target Price from Analysts

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

ENS has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research raised Enersys from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Roth Capital reissued a “buy” rating and issued a $265.00 price objective on shares of Enersys in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, June 26th.

Institutional Trading of Enersys

A number of institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of Enersys by 22,689.1% in the 2nd quarter. California State Teachers Retirement System now owns 9,967,279 shares of the industrial products company’s stock valued at $2,330,549,000 after acquiring an additional 9,923,542 shares during the period. BlackRock Inc. acquired a new stake in Enersys during the 2nd quarter worth about $1,221,455,000. Dimensional Fund Advisors LP lifted its position in Enersys by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,627,245 shares of the industrial products company’s stock worth $238,802,000 after acquiring an additional 30,760 shares during the period. Invesco Ltd. grew its stake in Enersys by 5.9% during the 3rd quarter. Invesco Ltd. now owns 1,158,838 shares of the industrial products company’s stock valued at $130,902,000 after purchasing an additional 64,503 shares during the last quarter. Finally, Boston Partners grew its stake in Enersys by 4.7% during the 3rd quarter. Boston Partners now owns 680,174 shares of the industrial products company’s stock valued at $76,973,000 after purchasing an additional 30,767 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Price Performance

Shares of ENS stock opened at $179.25 on Tuesday. The stock’s 50-day moving average is $191.45 and its 200 day moving average is $198.44. Enersys has a 1-year low of $106.18 and a 1-year high of $244.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The company has a market cap of $6.46 billion, a P/E ratio of 19.19, a PEG ratio of 0.89 and a beta of 1.21.

Enersys (NYSE:ENS) last announced its earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $928.01 million. During the same period in the previous year, the company posted $2.08 earnings per share. The firm’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. Research analysts predict that Enersys will post 13.41 earnings per share for the current fiscal year.

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a $0.2875 dividend. This is a boost from Enersys’s previous quarterly dividend of $0.26. This represents a $1.15 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 18th. Enersys’s dividend payout ratio is 11.24%.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions. The company designs, manufactures and distributes industrial batteries, battery chargers, power conversion equipment and energy management systems for applications that require reliable backup, motive and portable power.

Its products serve a range of markets, including telecommunications, data centers, utilities, industrial facilities, transportation, material handling, aerospace and defense. EnerSys offers lead-acid and lithium-ion battery technologies, as well as related chargers, enclosures, monitoring systems and service programs.