EnerSys (ENS) Receives Consensus Recommendation of “Buy” from Analysts
EnerSys (NYSE:ENS) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $90.92.
A number of brokerages have weighed in on ENS. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Zacks Investment Research lowered shares of EnerSys from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, William Blair upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 target price on the stock in a research report on Thursday, December 20th.
Shares of EnerSys stock opened at $67.36 on Friday. EnerSys has a fifty-two week low of $65.93 and a fifty-two week high of $89.83. The company has a current ratio of 2.91, a quick ratio of 2.00 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 1.40 and a beta of 1.33.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
In other news, insider Todd M. Sechrist sold 24,039 shares of EnerSys stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total transaction of $1,696,672.62. Following the transaction, the insider now owns 41,244 shares in the company, valued at $2,911,001.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of ENS. Ffcm LLC lifted its holdings in shares of EnerSys by 319.6% during the fourth quarter. Ffcm LLC now owns 470 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 358 shares during the period. Bessemer Group Inc. lifted its holdings in shares of EnerSys by 1,168.8% during the fourth quarter. Bessemer Group Inc. now owns 977 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 900 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of EnerSys during the fourth quarter worth $91,000. Advisor Group Inc. lifted its holdings in shares of EnerSys by 21.0% during the fourth quarter. Advisor Group Inc. now owns 2,362 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 410 shares during the period. Finally, Hartford Investment Management Co. acquired a new position in shares of EnerSys during the third quarter worth $209,000. Institutional investors own 94.95% of the company’s stock.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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