Jefferies Group LLC Reiterates Hold Rating for Energizer Holdings, Inc. (EPC)
Energizer Holdings, Inc. (NYSE:EPC)‘s stock had its “hold” rating restated by Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $78.00 target price on the stock. Jefferies Group LLC’s price target points to a potential upside of 17.01% from the stock’s previous close.
EPC has been the topic of a number of other reports. Zacks Investment Research lowered Energizer Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub upgraded Energizer Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. TheStreet upgraded Energizer Holdings from a “c” rating to a “b” rating in a report on Thursday, June 22nd. Societe Generale upgraded Energizer Holdings from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $90.00 in a report on Thursday, June 22nd. Finally, Deutsche Bank AG restated a “hold” rating and issued a $75.00 target price (down from $77.00) on shares of Energizer Holdings in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $84.44.
Shares of Energizer Holdings (NYSE:EPC) traded down 1.48% during midday trading on Thursday, hitting $66.66. The stock had a trading volume of 1,157,858 shares. The company’s 50 day moving average is $72.64 and its 200 day moving average is $73.35. Energizer Holdings has a 52 week low of $65.60 and a 52 week high of $84.45. The firm has a market cap of $3.80 billion, a P/E ratio of 18.77 and a beta of 0.94.
Energizer Holdings (NYSE:EPC) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.31. The business had revenue of $637.50 million for the quarter, compared to analyst estimates of $648.13 million. Energizer Holdings had a return on equity of 12.71% and a net margin of 8.80%. Energizer Holdings’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. On average, equities analysts predict that Energizer Holdings will post $3.97 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning grew its position in shares of Energizer Holdings by 0.9% in the second quarter. Creative Planning now owns 2,007 shares of the company’s stock valued at $153,000 after purchasing an additional 18 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Energizer Holdings in the second quarter valued at $201,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Energizer Holdings by 6.9% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock valued at $236,000 after purchasing an additional 200 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Energizer Holdings in the first quarter valued at $237,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Energizer Holdings in the second quarter valued at $240,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Energizer Holdings Company Profile
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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