Energizer Holdings’ (NYSE:ENR) Hold Rating Reaffirmed at Deutsche Bank AG
Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a research note issued on Saturday. They presently have a $55.00 price target on the stock, down from their prior price target of $62.00. Deutsche Bank AG’s price target would indicate a potential upside of 15.30% from the stock’s current price.
Several other equities research analysts also recently weighed in on ENR. Royal Bank Of Canada cut their target price 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 downgraded shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, July 10th. KeyCorp raised shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research note on Tuesday. Finally, Morgan Stanley downgraded shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Energizer Holdings presently has an average rating of “Hold” and a consensus target price of $55.78.
Shares of Energizer Holdings (NYSE:ENR) traded up 0.63% during trading on Friday, hitting $47.70. 647,089 shares of the stock were exchanged. The stock’s 50 day moving average price is $49.53 and its 200-day moving average price is $52.91. Energizer Holdings has a one year low of $41.97 and a one year high of $60.07. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 15.87 and a beta of 0.61.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 EPS for the quarter, topping 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 firm had revenue of $359 million for the quarter, compared to analyst estimates of $366.66 million. During the same period in the prior year, the business posted $0.30 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Energizer Holdings will post $2.86 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the period. Vanguard Group Inc. increased its position in Energizer Holdings by 5.3% in the first quarter. Vanguard Group Inc. now owns 5,192,923 shares of the company’s stock worth $289,506,000 after buying an additional 263,305 shares during the period. Bank of America Corp DE increased its position in Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the period. Dimensional Fund Advisors LP increased its position in Energizer Holdings by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,074,092 shares of the company’s stock worth $59,881,000 after buying an additional 28,152 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Energizer Holdings by 6.7% in the first quarter. Bank of New York Mellon Corp now owns 799,244 shares of the company’s stock worth $44,558,000 after buying an additional 50,196 shares during the period. 91.89% of the stock is currently owned by hedge funds and other institutional investors.
About Energizer Holdings
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.
Receive News & Ratings for Energizer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.