Analysts Set Energizer Holdings, Inc. (ENR) PT at $54.00
Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $54.00.
A number of equities analysts have issued reports on ENR shares. Deutsche Bank AG reiterated a “hold” rating and issued a $55.00 price objective (down previously from $62.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Royal Bank Of Canada decreased their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Zacks Investment Research upgraded Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, July 10th. BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $54.00 price objective on shares of Energizer Holdings in a report on Wednesday, August 23rd.
Energizer Holdings (ENR) traded up 1.27% during mid-day trading on Tuesday, reaching $44.71. 338,340 shares of the company traded hands. Energizer Holdings has a 12-month low of $40.98 and a 12-month high of $60.07. The company’s 50-day moving average is $44.14 and its 200-day moving average is $51.52. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 14.84 and a beta of 0.57.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $372 million during the quarter, compared to the consensus estimate of $390.88 million. Energizer Holdings had a return on equity of 529.84% and a net margin of 10.97%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. Equities analysts predict that Energizer Holdings will post $2.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, August 17th. This represents a $1.10 annualized dividend and a dividend yield of 2.49%. Energizer Holdings’s payout ratio is presently 36.54%.
In related news, Director Robert V. Vitale purchased 7,300 shares of Energizer Holdings stock in a transaction dated Friday, August 4th. The stock was purchased at an average cost of $41.61 per share, for a total transaction of $303,753.00. Following the completion of the acquisition, the director now directly owns 2,300 shares of the company’s stock, valued at $95,703. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy W. Gorman purchased 5,500 shares of Energizer Holdings stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $41.43 per share, with a total value of $227,865.00. Following the completion of the acquisition, the chief financial officer now directly owns 14,674 shares of the company’s stock, valued at $607,943.82. The disclosure for this purchase can be found here. Insiders have bought 31,212 shares of company stock valued at $1,297,839 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Creative Planning increased its position in shares of Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock valued at $111,000 after buying an additional 7 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Energizer Holdings during the first quarter valued at $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Energizer Holdings by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock valued at $116,000 after buying an additional 169 shares during the last quarter. IFP Advisors Inc increased its position in shares of Energizer Holdings by 7.1% in the second quarter. IFP Advisors Inc now owns 2,607 shares of the company’s stock valued at $125,000 after buying an additional 172 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Energizer Holdings by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock valued at $166,000 after buying an additional 2,071 shares during the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.
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About Energizer Holdings
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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