Energizer Holdings, Inc. (ENR) Stock Rating Upgraded by Zacks Investment Research
Energizer Holdings, Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $55.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 19.54% from the company’s previous close.
According to Zacks, “Energizer is one of the leading names in the global batteries and lighting products business. The company’s battery business generates over 90% of the revenues. Acquisition of HandStands diversified its portfolio by including brands like Refresh Your Car!, California Scents and Eagle One. Acquisition and strong product portfolio will continue to drive top line. Energizer also has a strong shareholder returns plan in place, which is an added positive. On a year-to-date basis, the stock has outperformed the industry it belongs to. Notably, the company has positive record of earnings surprises in recent quarters.”
A number of other brokerages also recently weighed in on ENR. Deutsche Bank AG reissued a “hold” rating and set a $55.00 price target (down previously from $62.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Energizer Holdings in a research report on Tuesday, July 18th. BidaskClub downgraded Energizer Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating and set a $54.00 price target on shares of Energizer Holdings in a research report on Wednesday, August 23rd. Finally, UBS AG reissued a “neutral” rating and set a $47.00 price target (down previously from $49.00) on shares of Energizer Holdings in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Energizer Holdings presently has a consensus rating of “Hold” and a consensus target price of $54.13.
Energizer Holdings (NYSE ENR) traded down 0.89% during mid-day trading on Tuesday, reaching $45.60. The company’s stock had a trading volume of 96,108 shares. The company has a 50 day moving average of $46.03 and a 200-day moving average of $49.32. Energizer Holdings has a 52-week low of $40.98 and a 52-week high of $60.07. The stock has a market cap of $2.82 billion, a PE ratio of 15.14 and a beta of 0.60.
Energizer Holdings (NYSE:ENR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The firm had revenue of $372.00 million for 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 business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. Equities analysts forecast that Energizer Holdings will post $2.92 earnings per share for the current year.
In other news, CFO Timothy W. Gorman bought 6,300 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were bought at an average price of $42.26 per share, with a total value of $266,238.00. Following the completion of the transaction, the chief financial officer now owns 20,974 shares of the company’s stock, valued at $886,361.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert V. Vitale bought 7,300 shares of the firm’s 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 transaction, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $95,703. The disclosure for this purchase can be found here. Insiders bought 31,212 shares of company stock worth $1,297,839 in the last ninety days. 1.73% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew 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 purchasing an additional 169 shares during the last quarter. IFP Advisors Inc grew 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 purchasing an additional 172 shares during the last quarter. Creative Planning grew its position in shares of Energizer Holdings by 30.9% in the second quarter. Creative Planning now owns 2,617 shares of the company’s stock valued at $126,000 after purchasing an additional 618 shares during the last quarter. Oppenheimer Asset Management Inc. grew 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 purchasing an additional 2,071 shares during the last quarter. Finally, Advisor Group Inc. grew its position in shares of Energizer Holdings by 1.3% in the second quarter. Advisor Group Inc. now owns 3,804 shares of the company’s stock valued at $183,000 after purchasing an additional 50 shares during the last quarter. 93.90% of the stock is currently owned by institutional investors.
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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