Energizer Holdings, Inc. (NYSE:ENR) Stock Has Consensus Target Price of $21.50 According to Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received a consensus recommendation of “Reduce” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.50.

A number of research analysts have recently weighed in on ENR shares. Weiss Ratings upgraded Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Canaccord Genuity Group reduced their target price on Energizer from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, October 23rd. Morgan Stanley reiterated a “negative” rating and issued a $21.00 target price on shares of Energizer in a research report on Tuesday, August 4th. Barclays increased their price target on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its position in Energizer by 169.3% in the third quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $34,000 after buying an additional 1,009 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Energizer during the second quarter worth $37,000. PNC Financial Services Group Inc. increased its position in Energizer by 51.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after acquiring an additional 644 shares during the last quarter. Sterling Capital Management LLC increased its position in Energizer by 385.6% during the third quarter. Sterling Capital Management LLC now owns 1,918 shares of the company’s stock valued at $41,000 after acquiring an additional 1,523 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in Energizer during the third quarter valued at $46,000. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Shares of NYSE:ENR opened at $24.23 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 20.53 and a beta of 0.79. The firm has a fifty day moving average price of $21.75 and a 200 day moving average price of $20.43. Energizer has a fifty-two week low of $15.75 and a fifty-two week high of $25.21. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The company had revenue of $734.10 million during the quarter, compared to the consensus estimate of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. As a group, sell-side analysts expect that Energizer will post 3.31 earnings per share for the current fiscal year.

About Energizer

Energizer Holdings, Inc (NYSE: ENR) is a global consumer-products company focused on batteries, portable power and automotive appearance and performance products. Its battery portfolio includes the Energizer, Eveready and Rayovac brands, which offer alkaline, lithium, rechargeable and specialty batteries for household devices, electronics, toys, lighting equipment and other applications.

The company also operates an automotive care business, offering products under brands such as Armor All, STP, A/C Pro and Refresh Your Car.