Energizer Holdings Receives “Overweight” Rating from JPMorgan Chase & Co. (ENR)
Energizer Holdings (NYSE:ENR)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday, AnalystRatings.NET reports. They currently have a $110.00 price objective on the stock, down from their previous price objective of $116.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 14.97% from the stock’s previous close.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by $0.04. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $2.20 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 12th. Shareholders of record on Thursday, February 20th will be given a dividend of 0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, February 18th.
ENR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Energizer Holdings from $110.00 to $120.00 in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Energizer Holdings in a research note to investors on Monday, December 16th. They set a “hold” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Energizer Holdings in a research note to investors on Monday, November 25th. They set an “outperform” rating and a $136.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $112.08.
Energizer Holdings, Inc (NYSE:ENR) is a manufacturers and marketers of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories.
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