Energizer Holdings Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $54.00 price target on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 11.09% from the company’s current price.
According to Zacks, “Energizer Holdings, Inc. is a consumer goods company. The company offers solutions in portable power, lighting, wet shave and personal grooming, skin care, feminine care and infant care. Energizer Holdings, Inc. is based in St. Louis, United States. “
Several other brokerages have also recently commented on ENR. Jefferies Group reduced their price objective on shares of Energizer Holdings from $50.00 to $48.00 and set a “hold” rating for the company in a research note on Thursday, July 7th. Goldman Sachs Group Inc. cut shares of Energizer Holdings from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $50.00 to $52.00 in a research note on Tuesday, July 12th. They noted that the move was a valuation call. TheStreet began coverage on shares of Energizer Holdings in a research note on Thursday, July 14th. They set a “sell” rating for the company. SunTrust Banks Inc. boosted their price target on shares of Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Citigroup Inc. boosted their price target on shares of Energizer Holdings from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Energizer Holdings currently has a consensus rating of “Buy” and a consensus target price of $51.67.
Energizer Holdings (NYSE:ENR) traded down 0.33% during trading on Wednesday, hitting $48.61. 391,348 shares of the stock traded hands. Energizer Holdings has a 12 month low of $28.85 and a 12 month high of $53.41. The stock has a market cap of $3.01 billion, a PE ratio of 23.36 and a beta of 0.52. The company has a 50-day moving average price of $47.80 and a 200-day moving average price of $47.57.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The company earned $361 million during the quarter, compared to analysts’ expectations of $356.69 million. Energizer Holdings had a net margin of 8.07% and a negative return on equity of 565.91%. Energizer Holdings’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 earnings per share. Equities research analysts expect that Energizer Holdings will post $2.27 EPS for the current year.
In other news, VP Emily K. Boss sold 1,865 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total value of $92,429.40. Following the completion of the sale, the vice president now owns 1,860 shares of the company’s stock, valued at approximately $92,181.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of Energizer Holdings by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock worth $100,000 after buying an additional 230 shares during the period. Invictus RG purchased a new stake in Energizer Holdings during the second quarter worth approximately $107,000. Zurich Insurance Group Ltd FI raised its stake in Energizer Holdings by 2.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 3,143 shares of the company’s stock worth $162,000 after buying an additional 70 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Energizer Holdings by 706.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,482 shares of the company’s stock worth $179,000 after buying an additional 3,050 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Energizer Holdings by 74.8% in the second quarter. LS Investment Advisors LLC now owns 3,740 shares of the company’s stock worth $193,000 after buying an additional 1,600 shares in the last quarter. 90.25% of the stock is owned by institutional investors.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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