EnerSys (NYSE:ENS) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of EnerSys (NYSE:ENSFree Report) from a strong-buy rating to a buy rating in a research report report published on Monday.

Separately, BTIG Research downgraded shares of EnerSys from a buy rating to a neutral rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, EnerSys currently has an average rating of Hold and a consensus target price of $126.00.

Get Our Latest Stock Analysis on ENS

EnerSys Trading Up 1.1 %

Shares of NYSE:ENS opened at $105.44 on Monday. The stock has a market cap of $4.23 billion, a PE ratio of 16.22, a P/E/G ratio of 0.66 and a beta of 1.33. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46. EnerSys has a 12-month low of $83.27 and a 12-month high of $113.34. The business has a 50 day moving average of $96.44 and a 200-day moving average of $95.14.

EnerSys (NYSE:ENSGet Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The firm had revenue of $910.70 million during the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 EPS. As a group, equities research analysts forecast that EnerSys will post 8.74 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 14th. EnerSys’s dividend payout ratio is currently 13.85%.

Institutional Trading of EnerSys

A number of hedge funds have recently modified their holdings of ENS. Huntington National Bank increased its holdings in shares of EnerSys by 189.6% during the third quarter. Huntington National Bank now owns 362 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 237 shares in the last quarter. Covestor Ltd raised its holdings in EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of EnerSys by 1,386.7% in the third quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock worth $42,000 after buying an additional 416 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of EnerSys during the fourth quarter valued at approximately $52,000. Finally, Arlington Trust Co LLC bought a new stake in shares of EnerSys during the fourth quarter valued at approximately $157,000. Institutional investors own 94.93% of the company’s stock.

About EnerSys

(Get Free Report)

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) 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, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

Further Reading

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