EnerSys (NYSE:ENS) 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 changing hands.

A number of research firms have weighed in 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 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 target price on the stock in a report on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price 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 stock has a market cap of $3.10 billion and a PE ratio of 24.07.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The firm earned $600.60 million during the quarter, compared to analysts’ expectations of $599.28 million. During the same period in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Analysts forecast that EnerSys will post $4.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend 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.