Energizer Holdings, Inc. (NYSE:EPC) had its target price lowered by Morgan Stanley from $80.00 to $65.00 in a research report sent to investors on Friday morning. The brokerage currently has an equal weight rating on the stock.
Several other research firms also recently issued reports on EPC. Zacks Investment Research downgraded Energizer Holdings from a hold rating to a sell rating in a research note on Tuesday, October 10th. Jefferies Group LLC reaffirmed a hold rating and issued a $78.00 price objective on shares of Energizer Holdings in a research note on Thursday, October 19th. BidaskClub raised Energizer Holdings from a sell rating to a hold rating in a research note on Saturday, August 19th. Deutsche Bank AG reaffirmed a hold rating and issued a $75.00 price objective (down previously from $77.00) on shares of Energizer Holdings in a research note on Saturday, July 22nd. Finally, Bank of America Corporation lowered their price objective on Energizer Holdings from $79.00 to $77.00 and set a neutral rating for the company in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $76.27.
Energizer Holdings (NYSE EPC) traded up $1.59 during mid-day trading on Friday, hitting $58.90. 1,438,400 shares of the stock were exchanged, compared to its average volume of 541,990. The company has a market capitalization of $3,265.03, a PE ratio of 14.40, a P/E/G ratio of 2.03 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.26 and a quick ratio of 1.63. Energizer Holdings has a 52-week low of $55.94 and a 52-week high of $82.69.
Energizer Holdings (NYSE:EPC) last posted its earnings results on Thursday, November 9th. The company reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.03). The company had revenue of $564.90 million during the quarter, compared to the consensus estimate of $588.28 million. Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.06 EPS. sell-side analysts forecast that Energizer Holdings will post 3.9 EPS for the current fiscal year.
In other news, Director Daniel J. Heinrich bought 1,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $57.08 per share, with a total value of $85,620.00. Following the transaction, the director now owns 3,530 shares of the company’s stock, valued at approximately $201,492.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.64% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Creative Planning grew its position in shares of Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after buying an additional 18 shares during the period. Parametrica Management Ltd acquired a new stake in shares of Energizer Holdings during the 2nd quarter worth approximately $201,000. Magnetar Financial LLC acquired a new stake in shares of Energizer Holdings during the 3rd quarter worth approximately $208,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Energizer Holdings during the 3rd quarter worth approximately $211,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Energizer Holdings by 6.9% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock worth $236,000 after buying an additional 200 shares during the period. 90.27% of the stock is owned by institutional investors.
Energizer Holdings Company Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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