Energizer Holdings, Inc. (ENR) Upgraded at KeyCorp
Energizer Holdings, Inc. (NYSE:ENR) was upgraded by analysts at KeyCorp to an “overweight” rating in a report issued on Tuesday, The Fly reports.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Energizer Holdings in a research note on Thursday, June 8th. Morgan Stanley cut Energizer Holdings from an “overweight” rating to an “equal weight” rating and raised their price objective 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 reiterated a “hold” rating and set a $54.00 target price (down from $62.00) on shares of Energizer Holdings in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $56.00.
Energizer Holdings (ENR) traded down 0.51% on Tuesday, hitting $46.82. 989,623 shares of the stock traded hands. The stock has a market cap of $2.89 billion, a P/E ratio of 15.58 and a beta of 0.61. The stock has a 50-day moving average price of $52.04 and a 200 day moving average price of $52.61. Energizer Holdings has a 12-month low of $41.97 and a 12-month high of $60.07.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, May 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The business had revenue of $359 million during the quarter, compared to the consensus estimate of $366.66 million. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities analysts expect that Energizer Holdings will post $2.86 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of ENR. Creative Planning boosted its stake 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 acquired a new position in shares of Energizer Holdings during the first quarter worth about $114,000. Financial Counselors Inc. acquired a new position in shares of Energizer Holdings during the first quarter worth about $201,000. World Asset Management Inc acquired a new position in shares of Energizer Holdings during the first quarter worth about $221,000. Finally, Edmonds Duncan Registered Investment Advisors LLC acquired a new position in shares of Energizer Holdings during the first quarter worth about $234,000. 91.89% of the stock is currently owned by institutional investors.
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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