EnerSys (ENS) Given a $101.00 Price Target by Sidoti Analysts

Sidoti set a $101.00 price target on EnerSys (NYSE:ENS) in a research report sent to investors on Friday, TipRanks reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other analysts have also recently issued reports on ENS. ValuEngine raised shares of EnerSys from a hold rating to a buy rating in a research report on Saturday, January 19th. Zacks Investment Research cut shares of EnerSys from a buy rating to a hold rating in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. EnerSys presently has an average rating of Buy and an average price target of $92.55.

NYSE ENS opened at $60.54 on Friday. EnerSys has a 12 month low of $59.71 and a 12 month high of $89.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.00 and a current ratio of 2.91. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 0.99 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.70 annualized dividend and a dividend yield of 1.16%. EnerSys’s dividend payout ratio is presently 14.20%.

Several institutional investors and hedge funds have recently modified their holdings of ENS. JPMorgan Chase & Co. lifted its position in shares of EnerSys by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock worth $30,186,000 after purchasing an additional 125,570 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of EnerSys during the third quarter worth approximately $239,000. Meeder Asset Management Inc. increased its stake 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 worth $585,000 after buying an additional 7,399 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of EnerSys by 42.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 13,520 shares of the industrial products company’s stock worth $1,049,000 after buying an additional 4,000 shares during the period. Finally, Bank of Montreal Can increased its stake 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 worth $2,947,000 after buying an additional 35,114 shares during the period. 93.54% of the stock is currently owned by institutional investors and hedge funds.

About EnerSys

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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