Energizer Holdings Inc (NYSE:ENR) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $68.67.
Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of Energizer in a research note on Monday, October 22nd. Deutsche Bank upped their price objective on shares of Energizer from $64.00 to $68.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Morgan Stanley upped their price objective on shares of Energizer from $63.00 to $67.00 and gave the company an “equal weight” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Energizer from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd.
Shares of NYSE:ENR opened at $59.53 on Friday. The stock has a market cap of $3.48 billion, a PE ratio of 19.98, a PEG ratio of 2.18 and a beta of 0.81. The company has a quick ratio of 1.31, a current ratio of 1.82 and a debt-to-equity ratio of 20.43. Energizer has a 12 month low of $40.64 and a 12 month high of $65.57.
Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $392.80 million during the quarter, compared to the consensus estimate of $389.13 million. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that Energizer will post 3.36 earnings per share for the current year.
In related news, Director Bill G. Armstrong sold 1,000 shares of the stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $58.81, for a total value of $58,810.00. Following the completion of the transaction, the director now directly owns 24,387 shares of the company’s stock, valued at $1,434,199.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.79% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Energizer by 0.3% in the second quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock worth $335,535,000 after purchasing an additional 15,326 shares during the period. FMR LLC grew its holdings in Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock worth $123,788,000 after purchasing an additional 1,153,941 shares during the period. Scopus Asset Management L.P. purchased a new stake in Energizer in the second quarter worth about $69,256,000. Principal Financial Group Inc. grew its holdings in Energizer by 94.1% in the first quarter. Principal Financial Group Inc. now owns 969,684 shares of the company’s stock worth $57,774,000 after purchasing an additional 470,010 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Energizer by 14.4% in the second quarter. Schroder Investment Management Group now owns 738,173 shares of the company’s stock worth $46,460,000 after purchasing an additional 92,900 shares during the period. 95.75% of the stock is owned by institutional investors.
Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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