Energizer (NYSE:ENR) had its price objective lifted by equities researchers at SunTrust Banks to $70.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ price objective points to a potential upside of 18.42% from the stock’s current price.
ENR has been the topic of several other reports. Zacks Investment Research cut Energizer from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Off Wall Street started coverage on Energizer in a research report on Monday, October 30th. They set a “sell” rating on the stock. KeyCorp reiterated a “buy” rating and set a $64.00 price target (up from $55.00) on shares of Energizer in a research report on Wednesday. Citigroup lowered their price target on Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, November 10th. Finally, Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and lowered their price target for the company from $50.00 to $49.00 in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $55.22.
Shares of Energizer (NYSE:ENR) traded up $7.49 during trading on Wednesday, reaching $59.11. The company’s stock had a trading volume of 6,070,600 shares, compared to its average volume of 1,439,590. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. The company has a market cap of $3,430.00 and a P/E ratio of 18.41. Energizer has a 52-week low of $40.64 and a 52-week high of $62.86.
Several hedge funds have recently modified their holdings of ENR. Bank of Montreal Can grew its holdings in shares of Energizer by 8.1% in the 4th quarter. Bank of Montreal Can now owns 40,496 shares of the company’s stock worth $1,944,000 after acquiring an additional 3,030 shares during the last quarter. Dean Investment Associates LLC grew its holdings in shares of Energizer by 15.3% in the 3rd quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock worth $3,206,000 after acquiring an additional 9,260 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Energizer by 11.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock worth $137,854,000 after acquiring an additional 304,730 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Energizer by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 118,000 shares of the company’s stock worth $5,434,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Energizer by 47.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,397 shares of the company’s stock worth $341,000 after acquiring an additional 2,382 shares during the last quarter.
WARNING: This piece was first published by American Banking and Market News and is owned by of American Banking and Market News. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/17/energizer-enr-price-target-raised-to-70-00-at-suntrust-banks.html.
Energizer 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.
