EnerSys (NYSE:ENS) shares gapped up before the market opened on Friday . The stock had previously closed at $70.64, but opened at $70.94. EnerSys shares last traded at $71.24, with a volume of 132,974 shares traded.

A number of research analysts have commented on the company. Maxim Group boosted 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 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $71.33.

The stock has a 50 day moving average price of $66.75 and a 200 day moving average price of $59.83. The firm has a market cap of $3.10 billion and a price-to-earnings ratio of 24.07.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. During the same period last year, the firm earned $1.00 earnings per share. The firm had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. EnerSys’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that EnerSys will post $4.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.98%. The ex-dividend date is Wednesday, September 14th.

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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