Enersys (NYSE:ENS) Stock Has Consensus Target Price of $265.00

Shares of Enersys (NYSE:ENS) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $265.00.

A number of brokerages have recently issued reports on ENS. Zacks Research upgraded Enersys from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. BTIG Research reissued a “buy” rating and issued a $280.00 target price on shares of Enersys in a research note on Thursday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Enersys in a report on Tuesday, September 22nd. Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Enersys in a research note on Friday, August 14th.

Enersys Price Performance

Shares of NYSE ENS opened at $179.52 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.80 and a quick ratio of 1.83. The business has a 50-day moving average of $185.28 and a 200-day moving average of $200.71. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.89 and a beta of 1.18. Enersys has a fifty-two week low of $108.88 and a fifty-two week high of $244.30.

Enersys (NYSE:ENS) last released its earnings results 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 return on equity of 24.02% and a net margin of 9.29%. The business had revenue of $935.64 million for the quarter, compared to analyst estimates of $928.01 million. During the same quarter in the prior year, the company posted $2.08 earnings per share. Enersys’s revenue was up 4.8% on a year-over-year basis. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, sell-side analysts predict that Enersys will post 13.41 earnings per share for the current fiscal year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were paid a $0.2875 dividend. This is an increase from Enersys’s previous quarterly dividend of $0.2625. The ex-dividend date was Friday, September 18th. This represents a $1.15 annualized dividend and a yield of 0.6%. Enersys’s dividend payout ratio (DPR) is 12.31%.

Hedge Funds Weigh In On Enersys

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Enersys in the second quarter valued at approximately $1,221,455,000. Norges Bank bought a new position in Enersys during the 4th quarter worth $78,599,000. Paradigm Capital Management Inc. NY bought a new position in Enersys during the 2nd quarter worth $102,249,000. Bank of America Corp DE acquired a new position in Enersys in the 2nd quarter valued at $84,699,000. Finally, Bank of New York Mellon Corp acquired a new position in Enersys in the 2nd quarter valued at $69,388,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Enersys Company Profile

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.