Energizer Holdings Inc. (ENR) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Energizer Holdings Inc. (NYSE:ENR) from a hold rating to a buy rating in a report issued on Monday morning. The brokerage currently has $48.00 price target on the stock.
According to Zacks, “Energizer Holdings, Inc. is a consumer goods company. The company offers solutions in portable power, lighting, wet shave and personal grooming, skin care, feminine care and infant care. Energizer Holdings, Inc. is based in St. Louis, United States. “
Several other research firms have also recently commented on ENR. Jefferies Group restated a hold rating on shares of Energizer Holdings in a research report on Wednesday, August 10th. SunTrust Banks Inc. boosted their target price on Energizer Holdings from $50.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, August 4th. Finally, Citigroup Inc. boosted their target price on Energizer Holdings from $54.00 to $56.00 and gave the stock a buy rating in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $52.40.
Shares of Energizer Holdings (NYSE:ENR) opened at 43.05 on Monday. Energizer Holdings has a 52 week low of $28.85 and a 52 week high of $53.41. The firm has a market cap of $2.66 billion, a PE ratio of 21.10 and a beta of 0.61. The stock has a 50 day moving average price of $45.95 and a 200 day moving average price of $47.95.
Energizer Holdings (NYSE:ENR) last posted its earnings results on Wednesday, November 9th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. The business earned $432.40 million during the quarter, compared to analysts’ expectations of $426.53 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Equities analysts expect that Energizer Holdings will post $2.68 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, November 28th. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.25. Energizer Holdings’s payout ratio is 49.02%.
In other news, VP Emily K. Boss sold 1,865 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total value of $92,429.40. Following the completion of the sale, the vice president now owns 1,860 shares of the company’s stock, valued at approximately $92,181.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in ENR. LPL Financial LLC raised its stake in Energizer Holdings by 63.6% in the third quarter. LPL Financial LLC now owns 15,338 shares of the company’s stock worth $755,000 after buying an additional 5,964 shares during the period. Crow Point Partners LLC acquired a new position in Energizer Holdings during the third quarter worth approximately $182,000. Cornerstone Capital Management Holdings LLC. raised its position in Energizer Holdings by 1.6% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 193,991 shares of the company’s stock worth $9,691,000 after buying an additional 3,093 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Energizer Holdings by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 18,866 shares of the company’s stock worth $943,000 after buying an additional 9,089 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Energizer Holdings during the third quarter worth approximately $4,239,000. 95.54% of the stock is owned by institutional investors.
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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