EnerSys (ENS) Cut to “Hold” at ValuEngine

ValuEngine cut shares of EnerSys (NYSE:ENS) from a buy rating to a hold rating in a research report report published on Friday.

Other analysts also recently issued research reports about the company. Sidoti set a $106.00 price objective on EnerSys and gave the company a buy rating in a research report on Tuesday, October 30th. Oppenheimer reiterated a buy rating on shares of EnerSys in a research report on Tuesday, October 30th. Finally, William Blair upgraded EnerSys from a market perform rating to an outperform rating and set a $71.77 price objective for the company in a research report on Thursday, December 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. EnerSys presently has a consensus rating of Buy and an average price target of $93.55.

NYSE:ENS opened at $70.55 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.91 and a debt-to-equity ratio of 0.83. EnerSys has a 1-year low of $65.93 and a 1-year high of $89.83. The company has a market capitalization of $3.21 billion, a P/E ratio of 15.17, a PEG ratio of 1.52 and a beta of 1.39.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.07). EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The company had revenue of $680.00 million during the quarter, compared to the consensus estimate of $685.80 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts forecast that EnerSys will post 4.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a $0.175 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.70 annualized dividend and a yield of 0.99%. EnerSys’s payout ratio is currently 15.05%.

A number of hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of EnerSys during the third quarter valued at approximately $60,635,000. Meeder Asset Management Inc. raised its holdings in shares of EnerSys by 6,606.3% during the fourth quarter. Meeder Asset Management Inc. now owns 7,511 shares of the industrial products company’s stock valued at $585,000 after acquiring an additional 7,399 shares in the last quarter. SG Capital Management LLC bought a new position in shares of EnerSys during the fourth quarter valued at approximately $5,193,000. Bank of Montreal Can raised its holdings in shares of EnerSys by 1,227.3% during the fourth quarter. Bank of Montreal Can now owns 37,975 shares of the industrial products company’s stock valued at $2,947,000 after acquiring an additional 35,114 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of EnerSys by 1.2% during the third quarter. Vanguard Group Inc. now owns 3,798,482 shares of the industrial products company’s stock valued at $330,963,000 after acquiring an additional 46,499 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

EnerSys Company Profile

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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