Energizer (ENR) Price Target Raised to $70.00 at SunTrust Banks

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.

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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.

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