Energizer Holdings, Inc. (ENR) Stock Rating Reaffirmed by Royal Bank Of Canada
Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $60.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 44.65% from the stock’s current price.
A number of other equities research analysts have also commented on ENR. Morgan Stanley lowered shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC increased their price objective on shares of Energizer Holdings from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Energizer Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Finally, KeyCorp raised shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Energizer Holdings has a consensus rating of “Hold” and an average target price of $53.86.
Energizer Holdings (ENR) traded up 1.21% during mid-day trading on Wednesday, hitting $41.98. 218,005 shares of the company’s stock were exchanged. Energizer Holdings has a 52 week low of $40.98 and a 52 week high of $60.07. The firm has a 50 day moving average of $45.71 and a 200 day moving average of $52.32. The stock has a market capitalization of $2.60 billion, a P/E ratio of 13.94 and a beta of 0.57.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The firm had revenue of $372 million for the quarter, compared to analyst estimates of $390.88 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts forecast that Energizer Holdings will post $2.90 earnings per share for the current fiscal year.
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In other news, Director Robert V. Vitale purchased 7,300 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the transaction, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $95,703. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.73% of the company’s stock.
Several hedge funds have recently made changes to their positions in ENR. Creative Planning increased its stake in shares of 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. LS Investment Advisors LLC increased its stake in shares of Energizer Holdings by 0.5% in the first quarter. LS Investment Advisors LLC now owns 4,272 shares of the company’s stock valued at $238,000 after buying an additional 21 shares during the period. Alps Advisors Inc. increased its stake in shares of Energizer Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,657 shares of the company’s stock valued at $416,000 after buying an additional 22 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Energizer Holdings by 0.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,970 shares of the company’s stock valued at $363,000 after buying an additional 25 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in shares of Energizer Holdings by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 10,673 shares of the company’s stock valued at $595,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.
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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