Zacks Research Upgrades Enersys (NYSE:ENS) to Strong-Buy

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

A number of other equities research analysts also recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and set a $280.00 price target on shares of Enersys in a research note on Thursday, August 13th. TD Cowen lifted their price objective on shares of Enersys from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Oppenheimer restated an “outperform” rating on shares of Enersys in a report on Friday, August 14th. Wall Street Zen upgraded shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $265.00.

Enersys Stock Performance

NYSE ENS opened at $194.13 on Tuesday. The stock has a market capitalization of $7.00 billion, a PE ratio of 20.79, a P/E/G ratio of 1.00 and a beta of 1.19. The business has a 50 day simple moving average of $204.75 and a two-hundred day simple moving average of $197.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. Enersys has a 1-year low of $97.03 and a 1-year high of $244.30.

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

Institutional Trading of Enersys

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC boosted its stake in Enersys by 270.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 25,717 shares of the industrial products company’s stock worth $6,013,000 after buying an additional 18,778 shares during the period. Cookson Peirce & Co. Inc. raised its stake in shares of Enersys by 11.0% in the second quarter. Cookson Peirce & Co. Inc. now owns 9,941 shares of the industrial products company’s stock valued at $2,324,000 after acquiring an additional 987 shares during the period. Nissay Asset Management Corp Japan raised its stake in shares of Enersys by 49.4% in the second quarter. Nissay Asset Management Corp Japan now owns 8,631 shares of the industrial products company’s stock valued at $2,018,000 after acquiring an additional 2,852 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Enersys by 80.1% during the 2nd quarter. Hsbc Holdings PLC now owns 72,021 shares of the industrial products company’s stock worth $16,856,000 after purchasing an additional 32,034 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Enersys during the 2nd quarter worth about $22,893,000. 94.93% of the stock is currently owned by institutional investors.

About Enersys

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.