Bank of America Corporation Lowers Energizer Holdings, Inc. (EPC) Price Target to $77.00
Energizer Holdings, Inc. (NYSE:EPC) had its price objective decreased by Bank of America Corporation from $79.00 to $77.00 in a research report sent to investors on Friday morning. Bank of America Corporation currently has a neutral rating on the stock.
Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded Energizer Holdings from a hold rating to a buy rating and set a $85.00 price objective on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a hold rating and set a $77.00 target price (up from $76.00) on shares of Energizer Holdings in a research report on Thursday, July 6th. Societe Generale upgraded Energizer Holdings from a hold rating to a buy rating and increased their target price for the stock from $83.00 to $90.00 in a research report on Thursday, June 22nd. Deutsche Bank AG reiterated a hold rating and set a $75.00 target price (down from $77.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. Finally, BidaskClub downgraded Energizer Holdings from a hold rating to a sell rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Energizer Holdings has a consensus rating of Hold and a consensus price target of $84.44.
Shares of Energizer Holdings (NYSE:EPC) opened at 71.73 on Friday. Energizer Holdings has a 52 week low of $69.63 and a 52 week high of $84.45. The firm has a 50 day moving average price of $73.46 and a 200-day moving average price of $73.50. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.19 and a beta of 0.94.
Energizer Holdings (NYSE:EPC) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.31. Energizer Holdings had a return on equity of 12.71% and a net margin of 8.80%. The business had revenue of $637.50 million for the quarter, compared to the consensus estimate of $648.13 million. During the same period in the prior year, the business earned $0.66 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Energizer Holdings will post $3.97 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the business. Creative Planning increased its stake in Energizer Holdings by 0.9% during the second quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after acquiring an additional 18 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Energizer Holdings during the second quarter worth about $201,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Energizer Holdings by 6.9% during the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock worth $236,000 after acquiring an additional 200 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Energizer Holdings during the second quarter worth about $240,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Energizer Holdings during the first quarter worth about $237,000. Institutional investors own 89.29% of the company’s stock.
Energizer Holdings Company Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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