Energizer Holdings, Inc. (ENR) PT Lowered to $50.00 at Royal Bank of Canada
Energizer Holdings, Inc. (NYSE:ENR) had its price objective trimmed by Royal Bank of Canada from $57.00 to $50.00 in a report issued on Monday, May 15th, StockTargetPrices.com reports. The firm currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the stock. Jefferies Group LLC set a $60.00 price objective on shares of Energizer Holdings and gave the stock a hold rating in a research note on Wednesday, May 3rd. Morgan Stanley lowered shares of Energizer Holdings from an overweight rating to an equal weight rating and lifted their price objective for the stock from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Energizer Holdings from a hold rating to a buy rating and set a $65.00 price objective on the stock in a research note on Wednesday, April 12th. Finally, TheStreet raised shares of Energizer Holdings from a d+ rating to a c rating in a research note on Wednesday, February 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $58.43.
Shares of Energizer Holdings (ENR) traded up 0.43% during midday trading on Monday, hitting $51.40. 1,112,408 shares of the company traded hands. Energizer Holdings has a 12-month low of $41.97 and a 12-month high of $60.07. The stock has a market capitalization of $3.18 billion, a P/E ratio of 17.10 and a beta of 0.59. The stock’s 50-day moving average is $53.70 and its 200 day moving average is $52.26.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.16. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The business had revenue of $359 million for the quarter, compared to analyst estimates of $366.66 million. During the same quarter last year, the firm earned $0.30 EPS. Energizer Holdings’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, analysts expect that Energizer Holdings will post $2.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Monday, May 22nd were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Thursday, May 18th. Energizer Holdings’s payout ratio is currently 36.67%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Energizer Holdings by 8.4% in the fourth quarter. FMR LLC now owns 314,742 shares of the company’s stock worth $14,041,000 after buying an additional 24,286 shares during the last quarter. Comerica Bank raised its stake in shares of Energizer Holdings by 5.6% in the fourth quarter. Comerica Bank now owns 46,457 shares of the company’s stock worth $2,242,000 after buying an additional 2,454 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Energizer Holdings by 27.5% in the fourth quarter. Two Sigma Investments LP now owns 413,923 shares of the company’s stock worth $18,465,000 after buying an additional 89,209 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Energizer Holdings by 10.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,773 shares of the company’s stock worth $2,978,000 after buying an additional 6,445 shares in the last quarter. Finally, Alambic Investment Management L.P. raised its stake in shares of Energizer Holdings by 37.3% in the third quarter. Alambic Investment Management L.P. now owns 8,100 shares of the company’s stock worth $405,000 after buying an additional 2,200 shares in the last quarter. 92.93% of the stock is currently owned by hedge funds and other institutional investors.
Energizer Holdings 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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