ValuEngine upgraded shares of Energizer (NYSE:ENR) from a strong sell rating to a sell rating in a report released on Thursday, ValuEngine reports.
Several other brokerages have also recently commented on ENR. Deutsche Bank upgraded shares of Energizer from a hold rating to a buy rating and raised their price objective for the company from $38.00 to $52.00 in a research note on Wednesday, June 26th. TheStreet cut shares of Energizer from a b- rating to a c rating in a research report on Friday, June 7th. Citigroup upgraded shares of Energizer from a neutral rating to a buy rating and lifted their target price for the stock from $50.00 to $54.00 in a research report on Tuesday, May 14th. Zacks Investment Research cut shares of Energizer from a hold rating to a sell rating and set a $45.00 target price for the company. in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. cut shares of Energizer from a neutral rating to an underweight rating and cut their target price for the stock from $45.00 to $36.00 in a research report on Wednesday, June 19th. Four analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $54.42.
Shares of ENR stock traded down $1.05 during mid-day trading on Thursday, hitting $39.58. The stock had a trading volume of 60,394 shares, compared to its average volume of 823,002. Energizer has a fifty-two week low of $37.39 and a fifty-two week high of $65.57. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 4.05 and a beta of 0.55. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 5.51. The company has a 50-day simple moving average of $39.94.
Energizer (NYSE:ENR) last released its earnings results on Tuesday, May 7th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). Energizer had a return on equity of 102.03% and a net margin of 1.15%. The firm had revenue of $556.40 million during the quarter, compared to analyst estimates of $565.61 million. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue was up 48.6% on a year-over-year basis. Research analysts expect that Energizer will post 2.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be issued a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.03%. Energizer’s payout ratio is 35.61%.
In related news, Director Robert V. Vitale bought 1,765 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average cost of $42.31 per share, for a total transaction of $74,677.15. Following the completion of the acquisition, the director now owns 8,225 shares in the company, valued at $347,999.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.25% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC lifted its holdings in shares of Energizer by 101.9% in the 4th quarter. Squarepoint Ops LLC now owns 20,796 shares of the company’s stock valued at $939,000 after acquiring an additional 10,498 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Energizer by 20.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 24,678 shares of the company’s stock valued at $1,115,000 after acquiring an additional 4,178 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Energizer in the 4th quarter valued at about $370,000. Thrivent Financial for Lutherans lifted its holdings in shares of Energizer by 5.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,186 shares of the company’s stock valued at $686,000 after acquiring an additional 799 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Energizer by 6.8% in the 4th quarter. Legal & General Group Plc now owns 72,555 shares of the company’s stock valued at $3,276,000 after acquiring an additional 4,617 shares during the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.
Energizer Company Profile
Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.
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