EnerSys (ENS) Hits New 12-Month High at $71.62
Shares of EnerSys (NYSE:ENS) reached a new 52-week high during trading on Tuesday . The company traded as high as $71.62 and last traded at $70.91, with a volume of 40,915 shares traded. The stock had previously closed at $71.08.
A number of research firms have recently commented on ENS. Maxim Group boosted their target price on shares of 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 shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 25th. Finally, Stifel Nicolaus boosted their target price on shares of EnerSys from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. EnerSys currently has an average rating of “Buy” and a consensus price target of $71.33.
The firm has a 50-day moving average price of $65.21 and a 200-day moving average price of $58.79. The firm has a market cap of $3.13 billion and a PE ratio of 24.32.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. During the same period last year, the firm earned $1.00 earnings per share. The business had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that EnerSys will post $4.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 other news, Director John D. Craig sold 25,779 shares of EnerSys stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $59.93, for a total transaction of $1,544,935.47. Following the sale, the director now owns 181,602 shares in the company, valued at $10,883,407.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kerry M. Kane sold 2,500 shares of EnerSys 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 sale, the vice president now owns 18,237 shares in the company, 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 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 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.