EnerSys (ENS) Stock Price Up 2.5%
EnerSys (NYSE:ENS) shares rose 2.5% on Wednesday . The company traded as high as $72.84 and last traded at $72.60, with a volume of 208,728 shares. The stock had previously closed at $70.85.
ENS has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on EnerSys from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Zacks Investment Research raised EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, May 25th. Finally, Maxim Group raised EnerSys from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. EnerSys has an average rating of “Buy” and an average price target of $71.33.
The stock has a market cap of $3.14 billion and a price-to-earnings ratio of 24.39. The firm has a 50-day moving average of $65.52 and a 200 day moving average of $58.89.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate 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. During the same quarter in the prior year, the business earned $1.00 EPS. EnerSys’s revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that EnerSys will post $4.45 earnings per share for the current fiscal 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 0.97%.
In related news, VP Kerry M. Kane sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $64.00, for a total transaction of $160,000.00. Following the transaction, the vice president now owns 18,237 shares in the company, valued at $1,167,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Holger P. Aschke sold 2,982 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $63.43, for a total transaction of $189,148.26. Following the transaction, the insider now owns 24,336 shares in the company, valued at approximately $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 purchased a new stake in EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 28,086 shares of the company’s stock, valued at approximately $1,571,000. Bank of Montreal Can owned 0.06% of EnerSys as of its most recent filing with the SEC.
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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