Zacks Investment Research Lowers Energizer Holdings, Inc. (EPC) to Sell
Energizer Holdings, Inc. (NYSE:EPC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “
A number of other analysts also recently weighed in on EPC. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 price target (up previously from $77.00) on shares of Energizer Holdings in a report on Thursday, August 10th. BidaskClub raised shares of Energizer Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and set a $87.00 price target (up previously from $86.00) on shares of Energizer Holdings in a report on Friday, August 11th. Deutsche Bank AG upped their price target on shares of Energizer Holdings from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, TheStreet raised shares of Energizer Holdings from a “c” rating to a “b” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Energizer Holdings presently has an average rating of “Hold” and a consensus target price of $85.38.
Energizer Holdings (EPC) traded up 1.30% on Tuesday, reaching $72.21. 283,435 shares of the company traded hands. Energizer Holdings has a 52-week low of $69.63 and a 52-week high of $84.45. The firm has a market cap of $4.11 billion, a P/E ratio of 20.33 and a beta of 0.94. The stock has a 50-day moving average price of $73.83 and a 200-day moving average price of $73.55.
Energizer Holdings (NYSE:EPC) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a net margin of 8.80% and a return on equity of 12.71%. The company had revenue of $637.50 million during the quarter, compared to the consensus estimate of $648.13 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts anticipate that Energizer Holdings will post $3.98 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after purchasing an additional 18 shares in the last quarter. Parametrica Management Ltd acquired a new position in Energizer Holdings during the 2nd quarter worth approximately $201,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Energizer Holdings by 6.9% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Energizer Holdings during the 2nd quarter worth approximately $240,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Energizer Holdings during the 1st quarter worth approximately $237,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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