EnerSys (ENS) Sets New 52-Week High at $71.62
EnerSys (NYSE:ENS) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.62 and last traded at $70.91, with a volume of 40,915 shares. The stock had previously closed at $71.08.
Several equities research analysts recently issued reports on ENS shares. Maxim Group increased their price objective on EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research raised 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 upped 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 assigned a buy rating to the stock. EnerSys currently has a consensus rating of “Buy” and a consensus target price of $71.33.
The company has a market cap of $3.08 billion and a price-to-earnings ratio of 23.92. The company’s 50-day moving average price is $64.69 and its 200 day moving average price is $58.50.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The company had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. On average, equities research analysts expect that EnerSys will post $4.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.175 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.99%.
In other EnerSys news, insider Holger P. Aschke sold 2,982 shares of EnerSys stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $63.43, for a total transaction of $189,148.26. Following the transaction, the insider now directly owns 24,336 shares in the company, valued at $1,543,632.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey W. Long sold 2,500 shares of EnerSys stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $58.87, for a total value of $147,175.00. Following the transaction, the insider now owns 58,629 shares in the company, valued at $3,451,489.23. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in EnerSys stock. Trexquant Investment LP bought a new stake in EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,600 shares of the company’s stock, valued at approximately $1,488,000. Trexquant Investment LP owned about 0.06% of EnerSys at the end of the most recent quarter.
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.
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