Energizer Holdings, Inc. (NYSE:ENR) had its price objective lowered by investment analysts at Citigroup Inc. from $54.00 to $52.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 18.86% from the stock’s previous close.
ENR has been the subject of a number of other reports. Deutsche Bank AG reaffirmed a “hold” rating and set a $55.00 price objective (down from $62.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Off Wall Street began coverage on Energizer Holdings in a research report on Monday, October 30th. They set a “sell” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $60.00 target price on shares of Energizer Holdings in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 17th. Finally, KeyCorp set a $55.00 target price on Energizer Holdings and gave the company a “buy” rating in a research report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.88.
Shares of Energizer Holdings (ENR) opened at $43.75 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.35 and a debt-to-equity ratio of 11.50. Energizer Holdings has a fifty-two week low of $40.64 and a fifty-two week high of $60.07. The stock has a market cap of $2,708.34, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.45 and a beta of 0.55.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Energizer Holdings had a net margin of 11.48% and a return on equity of 291.65%. The business had revenue of $465.00 million during the quarter, compared to analyst estimates of $437.36 million. During the same period last year, the firm posted $0.54 EPS. The company’s revenue was up 7.5% on a year-over-year basis. equities research analysts anticipate that Energizer Holdings will post 3.05 earnings per share for the current year.
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In related news, CFO Timothy W. Gorman purchased 6,300 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was bought at an average cost of $42.26 per share, for a total transaction of $266,238.00. Following the completion of the transaction, the chief financial officer now directly owns 20,974 shares in the company, valued at $886,361.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan R. Hoskins purchased 12,112 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average price of $41.28 per share, with a total value of $499,983.36. Following the completion of the transaction, the chief executive officer now owns 98,887 shares of the company’s stock, valued at $4,082,055.36. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 23,912 shares of company stock valued at $994,086. 1.73% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Energizer Holdings by 15.1% in the third quarter. Wells Fargo & Company MN now owns 749,601 shares of the company’s stock worth $34,520,000 after buying an additional 98,113 shares during the last quarter. Cadence Capital Management LLC lifted its position in Energizer Holdings by 16.7% in the third quarter. Cadence Capital Management LLC now owns 20,519 shares of the company’s stock worth $945,000 after buying an additional 2,937 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Energizer Holdings by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 3,804,646 shares of the company’s stock worth $174,519,000 after buying an additional 299,862 shares during the last quarter. Legal & General Group Plc lifted its position in Energizer Holdings by 15.6% in the third quarter. Legal & General Group Plc now owns 56,242 shares of the company’s stock worth $2,590,000 after buying an additional 7,572 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Energizer Holdings by 453.7% in the third quarter. Great West Life Assurance Co. Can now owns 204,775 shares of the company’s stock worth $9,390,000 after buying an additional 167,791 shares during the last quarter. Institutional investors own 92.86% of the company’s stock.
Energizer Holdings 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.
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