EnerSys (ENS) Stock Price Up 2.5%
Shares of EnerSys (NYSE:ENS) rose 2.5% during mid-day trading on Wednesday . The stock traded as high as $72.84 and last traded at $72.60, with a volume of 208,728 shares traded. The stock had previously closed at $70.85.
ENS has been the topic of several research reports. Maxim Group increased their price target on shares of 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 raised shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus increased their price target on shares of 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 company’s stock. EnerSys currently has a consensus rating of “Buy” and an average price target of $71.33.
The firm has a 50 day moving average price of $64.86 and a 200-day moving average price of $58.69. The stock has a market cap of $3.11 billion and a PE ratio of 24.21.
EnerSys (NYSE:ENS) last posted 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. During the same quarter in the prior year, the business posted $1.00 EPS. The company had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts predict that EnerSys will post $4.45 EPS 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 given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Wednesday, September 14th.
In other EnerSys news, Director John D. Craig sold 25,779 shares of EnerSys stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $59.93, for a total value of $1,544,935.47. Following the completion of the sale, the director now owns 181,602 shares in the company, valued at approximately $10,883,407.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kerry M. Kane sold 2,500 shares of EnerSys 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 sale, the vice president now owns 18,237 shares of the company’s stock, valued at approximately $1,167,168. 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 shares of EnerSys (NYSE:ENS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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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