Energizer Holdings, Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $53.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.81% 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. “
ENR has been the topic of several other research reports. Royal Bank Of Canada dropped their price target on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. BidaskClub lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC raised their price target on shares of Energizer Holdings from $54.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.86.
Energizer Holdings (NYSE ENR) opened at 46.98 on Monday. The company has a 50-day moving average price of $52.04 and a 200-day moving average price of $52.61. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.63 and a beta of 0.61. Energizer Holdings has a 12-month low of $41.97 and a 12-month high of $60.07.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.34 by $0.16. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The company had revenue of $359 million for the quarter, compared to analyst estimates of $366.66 million. During the same quarter last year, the business earned $0.30 earnings per share. Energizer Holdings’s revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Energizer Holdings will post $2.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Monday, May 22nd were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.34%. Energizer Holdings’s dividend payout ratio is presently 36.67%.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares in the last quarter. Acrospire Investment Management LLC bought a new position in Energizer Holdings during the first quarter worth approximately $114,000. Financial Counselors Inc. bought a new position in Energizer Holdings during the first quarter worth approximately $201,000. World Asset Management Inc bought a new position in Energizer Holdings during the first quarter worth approximately $221,000. Finally, United Capital Financial Advisers LLC raised its position in Energizer Holdings by 2.8% in the fourth quarter. United Capital Financial Advisers LLC now owns 5,049 shares of the company’s stock worth $225,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.
Energizer Holdings Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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