Enersys (NYSE:ENS) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen lowered shares of Enersys (NYSE:ENS) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other brokerages also recently issued reports on ENS. Roth Capital reissued a “buy” rating and set a $265.00 price objective on shares of Enersys in a research note on Friday, May 22nd. Oppenheimer boosted their price target on Enersys from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. BTIG Research increased their price target on Enersys from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Weiss Ratings cut Enersys from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Finally, TD Cowen lifted their price objective on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $265.00.

Enersys Price Performance

Shares of NYSE:ENS opened at $196.55 on Friday. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.17. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.66 and a quick ratio of 1.76. The business’s 50 day simple moving average is $222.77 and its 200-day simple moving average is $192.96. Enersys has a 12 month low of $88.32 and a 12 month high of $244.30.

Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, May 20th. The industrial products company reported $3.19 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.19. Enersys had a net margin of 7.83% and a return on equity of 21.39%. The firm had revenue of $987.94 million for the quarter, compared to analysts’ expectations of $973.84 million. During the same period in the prior year, the company earned $2.97 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. Enersys has set its Q1 2027 guidance at 2.700-2.900 EPS. As a group, equities analysts forecast that Enersys will post 12.1 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 19th were given a dividend of $0.2625 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.05 annualized dividend and a yield of 0.5%. Enersys’s dividend payout ratio is 13.62%.

Hedge Funds Weigh In On Enersys

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Enersys during the 4th quarter worth $78,599,000. LSV Asset Management boosted its holdings in Enersys by 298.9% in the fourth quarter. LSV Asset Management now owns 562,293 shares of the industrial products company’s stock valued at $82,516,000 after acquiring an additional 421,338 shares during the last quarter. Millennium Management LLC boosted its holdings in Enersys by 257.8% in the third quarter. Millennium Management LLC now owns 556,771 shares of the industrial products company’s stock valued at $62,893,000 after acquiring an additional 401,167 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Enersys by 342.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 392,781 shares of the industrial products company’s stock valued at $57,641,000 after acquiring an additional 304,018 shares during the period. Finally, Franklin Resources Inc. increased its stake in Enersys by 508.6% during the fourth quarter. Franklin Resources Inc. now owns 324,935 shares of the industrial products company’s stock worth $47,684,000 after acquiring an additional 271,548 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Company Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.