EnerSys (ENS) – Analysts’ Weekly Ratings Updates

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A number of research firms have changed their ratings and price targets for EnerSys (NYSE: ENS):

  • 10/8/2018 – EnerSys was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $100.00 price target on the stock. According to Zacks, “Over the past month, EnerSys’ shares have outperformed the industry. The company reported better-than-expected revenues in first-quarter fiscal 2019. Going forward, favourable pricing and sturdier sales secured from major businesses (like motive power) will likely continue to drive EnerSys’ top line performances. On the other hand, stronger revenues and ongoing cost reduction moves are expected to boost up profitability in the upcoming quarters. However, material cost inflation might continue to escalate costs and in turn hurt EnerSys’ profitability. Moreover, EnerSys’ ongoing long-term investment moves are expected to impact its gross profit percentage adversely in the near term. Over the last 30 days, Zacks Consensus Estimate for the stock has remained unchanged for fiscal 2019 but moved north for fiscal 2020.”
  • 10/4/2018 – EnerSys had its price target raised by analysts at Oppenheimer Holdings Inc. from $86.00 to $95.00. They now have an “outperform” rating on the stock.
  • 10/4/2018 – EnerSys had its price target raised by analysts at Citigroup Inc from $86.00 to $95.00. They now have an “outperform” rating on the stock.
  • 10/4/2018 – EnerSys had its price target raised by analysts at Sidoti from $93.00 to $104.00. They now have a “buy” rating on the stock.
  • 9/24/2018 – EnerSys was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of ENS opened at $79.47 on Friday. The company has a current ratio of 3.33, a quick ratio of 2.46 and a debt-to-equity ratio of 0.50. EnerSys has a 12 month low of $62.85 and a 12 month high of $89.23. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.64 and a beta of 1.46.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 8th. The industrial products company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The business had revenue of $670.90 million for the quarter, compared to the consensus estimate of $649.63 million. During the same period last year, the business posted $1.12 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that EnerSys will post 5.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.88%. EnerSys’s dividend payout ratio is 15.05%.

In other EnerSys news, insider Holger P. Aschke sold 3,915 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $77.00, for a total transaction of $301,455.00. Following the sale, the insider now directly owns 38,294 shares in the company, valued at approximately $2,948,638. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Holger P. Aschke sold 4,545 shares of the firm’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $77.13, for a total value of $350,555.85. Following the completion of the transaction, the insider now owns 38,294 shares in the company, valued at $2,953,616.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,920 shares of company stock worth $1,732,714. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank purchased a new position in shares of EnerSys in the 3rd quarter worth $175,000. WINTON GROUP Ltd boosted its stake in shares of EnerSys by 80.9% in the 2nd quarter. WINTON GROUP Ltd now owns 126,022 shares of the industrial products company’s stock worth $9,406,000 after buying an additional 56,373 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of EnerSys by 2.4% in the 2nd quarter. California Public Employees Retirement System now owns 164,314 shares of the industrial products company’s stock worth $12,264,000 after buying an additional 3,865 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of EnerSys by 2.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 560,200 shares of the industrial products company’s stock worth $41,813,000 after buying an additional 15,143 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of EnerSys by 116.7% in the 2nd quarter. Millennium Management LLC now owns 215,778 shares of the industrial products company’s stock worth $16,106,000 after buying an additional 116,198 shares during the last quarter. Hedge funds and other institutional investors own 95.92% of the company’s stock.

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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