Energizer (NYSE:ENR) had its price target hoisted by SunTrust Banks to $70.00 in a research note issued to investors on Wednesday morning, The Fly reports. SunTrust Banks currently has a buy rating on the stock.
A number of other equities research analysts have also commented on the stock. Off Wall Street started coverage on shares of Energizer in a report on Monday, October 30th. They set a sell rating on the stock. Citigroup dropped their price objective on shares of Energizer from $54.00 to $52.00 and set a buy rating on the stock in a report on Friday, November 10th. Morgan Stanley dropped their price objective on shares of Energizer from $53.00 to $50.00 and set an equal weight rating on the stock in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Energizer from a buy rating to a hold rating in a report on Monday, November 13th. Finally, Jefferies Group restated a hold rating and set a $47.00 price objective on shares of Energizer in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Energizer presently has a consensus rating of Hold and an average price target of $56.56.
Energizer (NYSE ENR) traded down $0.50 on Wednesday, reaching $54.33. 875,889 shares of the company’s stock traded hands, compared to its average volume of 1,005,801. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 11.50. The firm has a market capitalization of $3,253.44, a price-to-earnings ratio of 16.87, a PEG ratio of 1.96 and a beta of 0.59. Energizer has a 12 month low of $40.64 and a 12 month high of $62.86.
Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Energizer had a net margin of 11.48% and a return on equity of 291.65%. The business had revenue of $465.00 million for the quarter, compared to analyst estimates of $437.36 million. During the same period last year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. research analysts forecast that Energizer will post 3.09 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of ENR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after buying an additional 169 shares during the last quarter. Zions Bancorporation acquired a new stake in Energizer in the 3rd quarter valued at $120,000. Oppenheimer Asset Management Inc. increased its stake in Energizer by 149.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock valued at $166,000 after buying an additional 2,071 shares during the last quarter. Advisor Group Inc. increased its stake in Energizer by 1.3% in the 2nd quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock valued at $183,000 after buying an additional 50 shares during the last quarter. Finally, Intl Fcstone Inc. acquired a new stake in Energizer in the 2nd quarter valued at $234,000.
COPYRIGHT VIOLATION NOTICE: “Energizer (ENR) Price Target Raised to $70.00 at SunTrust Banks” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/21/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.
Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.