Analysts Set Energizer Holdings Inc. (ENR) Target Price at $52.60
Energizer Holdings Inc. (NYSE:ENR) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the firm. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $52.60.
A number of research firms have issued reports on ENR. SunTrust Banks Inc. upped their target price on shares of Energizer Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Zacks Investment Research upgraded shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, November 15th. Jefferies Group restated a “hold” rating on shares of Energizer Holdings in a report on Wednesday, August 10th. Finally, Citigroup Inc. increased their price objective on shares of Energizer Holdings from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, August 4th.
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Energizer Holdings (NYSE:ENR) opened at 42.54 on Monday. Energizer Holdings has a 52 week low of $28.85 and a 52 week high of $53.41. The stock has a market cap of $2.63 billion, a P/E ratio of 20.85 and a beta of 0.61. The company has a 50-day moving average of $46.13 and a 200-day moving average of $47.90.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. The company had revenue of $432.40 million for the quarter, compared to analyst estimates of $426.53 million. Energizer Holdings had a net margin of 7.81% and a negative return on equity of 766.09%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. On average, analysts predict that Energizer Holdings will post $2.68 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.275 per share. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, November 28th. Energizer Holdings’s dividend payout ratio is presently 49.02%.
In other news, VP Emily K. Boss sold 1,865 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total transaction of $92,429.40. Following the transaction, the vice president now directly owns 1,860 shares in the company, valued at approximately $92,181.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.37% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in shares of Energizer Holdings by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock valued at $100,000 after buying an additional 230 shares during the last quarter. Invictus RG acquired a new stake in Energizer Holdings during the second quarter worth about $107,000. Citizens Financial Group Inc RI increased its stake in Energizer Holdings by 120.1% in the third quarter. Citizens Financial Group Inc RI now owns 2,238 shares of the company’s stock worth $112,000 after buying an additional 1,221 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer Holdings by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,243 shares of the company’s stock worth $112,000 after buying an additional 243 shares during the period. Finally, Zurich Insurance Group Ltd FI increased its stake in Energizer Holdings by 2.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 3,143 shares of the company’s stock worth $162,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 96.69% of the company’s stock.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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