Energizer (NYSE:ENR) Rating Increased to Equal Weight at Morgan Stanley

Energizer (NYSE:ENR) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $33.00 price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 10.85% from the company’s current price.

A number of other analysts also recently issued reports on ENR. Barclays decreased their price objective on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 12th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.57.

Energizer Price Performance

Shares of NYSE ENR opened at $29.77 on Wednesday. The company has a market capitalization of $2.14 billion, a PE ratio of 23.08 and a beta of 1.04. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The stock’s 50 day moving average price is $28.45 and its 200-day moving average price is $30.50. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $663.30 million for the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities analysts anticipate that Energizer will post 3.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Energizer in the third quarter worth $503,000. Raymond James Financial Services Advisors Inc. boosted its stake in Energizer by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after purchasing an additional 324 shares during the period. New York State Teachers Retirement System grew its holdings in Energizer by 5.1% during the 3rd quarter. New York State Teachers Retirement System now owns 105,872 shares of the company’s stock valued at $3,392,000 after buying an additional 5,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Energizer by 5.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,066 shares of the company’s stock valued at $899,000 after buying an additional 1,389 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its holdings in shares of Energizer by 3.3% in the third quarter. Eagle Bluffs Wealth Management LLC now owns 40,587 shares of the company’s stock worth $1,300,000 after buying an additional 1,315 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.