Royal Bank Of Canada Reaffirms Outperform Rating for Energizer Holdings, Inc. (ENR)
Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $60.00 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 43.68% from the stock’s current price.
ENR has been the topic of several other research reports. UBS AG reissued a “neutral” rating and issued a $47.00 price target (down previously from $49.00) on shares of Energizer Holdings in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a $54.00 price target (down previously from $62.00) on shares of Energizer Holdings in a research note on Thursday, July 6th. KeyCorp raised Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Tuesday, July 18th. Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Energizer Holdings presently has an average rating of “Hold” and a consensus target price of $53.86.
Energizer Holdings (NYSE ENR) opened at 41.76 on Wednesday. The company’s 50-day moving average price is $45.32 and its 200 day moving average price is $52.18. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 13.86 and a beta of 0.57. Energizer Holdings has a 52-week low of $40.98 and a 52-week high of $60.07.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The firm had revenue of $372 million for the quarter, compared to the consensus estimate of $390.88 million. During the same quarter last year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts predict that Energizer Holdings will post $2.90 earnings per share for the current fiscal year.
In related news, Director Robert V. Vitale bought 7,300 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of $41.61 per share, with a total value of $303,753.00. Following the completion of the transaction, the director now owns 2,300 shares in the company, valued at $95,703. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.73% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Energizer Holdings during the first quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after buying an additional 169 shares in the last quarter. IFP Advisors Inc increased its stake in Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock worth $125,000 after buying an additional 172 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after buying an additional 2,071 shares in the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.
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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