Enersys (NYSE:ENS) Stock Gets Downgrade from Zacks Research

Enersys (NYSE:ENS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $280.00 target price on shares of Enersys in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Enersys currently has an average rating of “Moderate Buy” and an average target price of $265.00.

Enersys Stock Performance

NYSE:ENS opened at $173.09 on Tuesday. Enersys has a twelve month low of $116.87 and a twelve month high of $244.30. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $184.39 and a 200-day moving average of $200.95. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.

Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 12th. The industrial products company reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The company had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. During the same quarter in the previous year, the company posted $2.08 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. Analysts forecast that Enersys will post 13.41 earnings per share for the current fiscal year.

Institutional Trading of Enersys

A number of hedge funds have recently bought and sold shares of ENS. State of Michigan Retirement System boosted its stake in Enersys by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 8,872 shares of the industrial products company’s stock worth $1,541,000 after purchasing an additional 100 shares during the period. Integrated Wealth Concepts LLC grew its stake in Enersys by 9.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,319 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 110 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Enersys by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 501 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 123 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Enersys in the 2nd quarter valued at about $34,000. Finally, Allworth Financial LP increased its holdings in shares of Enersys by 38.7% in the 2nd quarter. Allworth Financial LP now owns 599 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

About Enersys

EnerSys (NYSE: ENS) is a global provider of stored energy solutions and power-management systems. The company designs, manufactures and distributes industrial batteries, energy storage systems, chargers, power-conversion equipment and related services for applications that require reliable backup or motive power.

Its product portfolio includes lead-acid and lithium-ion batteries, battery chargers and monitoring systems, as well as specialty solutions for telecommunications, data centers, utilities, transportation, material handling, aerospace and defense.