EnerSys (ENS) Hits New 12-Month High at $70.50
Shares of EnerSys (NYSE:ENS) reached a new 52-week high during trading on Wednesday . The company traded as high as $70.50 and last traded at $70.10, with a volume of 98,801 shares. The stock had previously closed at $69.75.
ENS has been the topic of a number of research analyst reports. Maxim Group lifted their target price on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research upgraded EnerSys from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus lifted their target price on EnerSys from $67.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. EnerSys has a consensus rating of “Buy” and an average target price of $71.33.
The stock has a 50-day moving average price of $64.08 and a 200-day moving average price of $58.00. The company has a market cap of $3.05 billion and a PE ratio of 23.73.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The business had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts expect that EnerSys will post $4.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.175 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.00%.
In other EnerSys news, VP Kerry M. Kane sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $64.00, for a total value of $160,000.00. Following the completion of the transaction, the vice president now directly owns 18,237 shares of the company’s stock, valued at approximately $1,167,168. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Holger P. Aschke sold 2,982 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $63.43, for a total transaction of $189,148.26. Following the completion of the transaction, the insider now directly owns 24,336 shares of the company’s stock, valued at $1,543,632.48. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in EnerSys stock. Bank of Montreal Can acquired a new position in shares of EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,086 shares of the company’s stock, valued at approximately $1,571,000. Bank of Montreal Can owned approximately 0.06% of EnerSys at the end of the most recent reporting period.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.