Zacks Investment Research lowered shares of Energizer Holdings, Inc. (NYSE:EPC) from a hold rating to a sell rating in a research note published on Tuesday morning.
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. “
Several other brokerages have also recently weighed in on EPC. Jefferies Group LLC reissued a hold rating and set a $78.00 price objective on shares of Energizer Holdings in a research note on Tuesday, September 12th. BidaskClub raised Energizer Holdings from a sell rating to a hold rating in a research note on Saturday, August 19th. Citigroup Inc. reissued a buy rating and set a $87.00 price objective (up from $86.00) on shares of Energizer Holdings in a research note on Friday, August 11th. Deutsche Bank AG boosted their price objective on Energizer Holdings from $75.00 to $77.00 and gave the stock a hold rating in a research note on Wednesday, August 9th. Finally, TheStreet cut Energizer Holdings from a b- rating to a c+ rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $85.38.
Energizer Holdings (EPC) opened at 72.21 on Tuesday. Energizer Holdings has a 12-month low of $69.63 and a 12-month high of $84.45. The stock has a market capitalization of $4.11 billion, a PE ratio of 20.33 and a beta of 0.94. The stock has a 50 day moving average price of $73.75 and a 200-day moving average price of $73.54.
Energizer Holdings (NYSE:EPC) last issued its earnings results on Tuesday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a return on equity of 12.71% and a net margin of 8.80%. The firm had revenue of $637.50 million for the quarter, compared to analysts’ expectations of $648.13 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Energizer Holdings will post $3.98 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Energizer Holdings by 7,004.8% during the first quarter. BlackRock Inc. now owns 9,145,412 shares of the company’s stock worth $668,896,000 after acquiring an additional 9,016,691 shares during the last quarter. Vanguard Group Inc. increased its stake in Energizer Holdings by 1.1% during the first quarter. Vanguard Group Inc. now owns 4,833,338 shares of the company’s stock worth $353,510,000 after acquiring an additional 51,079 shares during the last quarter. Credit Suisse AG increased its stake in Energizer Holdings by 149.2% during the first quarter. Credit Suisse AG now owns 4,072,492 shares of the company’s stock worth $297,861,000 after acquiring an additional 2,438,114 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Energizer Holdings by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 3,057,051 shares of the company’s stock worth $232,397,000 after acquiring an additional 238,452 shares during the last quarter. Finally, State Street Corp increased its stake in Energizer Holdings by 1.9% during the first quarter. State Street Corp now owns 2,232,629 shares of the company’s stock worth $163,299,000 after acquiring an additional 42,194 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.
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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