Energizer (NYSE:ENR) PT Raised to $31.00

Energizer (NYSE:ENR) had its target price lifted by equities researchers at UBS Group from $30.00 to $31.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 6.71% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Barclays cut their price objective on Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a report on Wednesday. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and an average target price of $32.83.

Energizer Trading Up 0.3 %

Shares of ENR stock traded up $0.08 during trading hours on Wednesday, reaching $29.05. The company had a trading volume of 47,365 shares, compared to its average volume of 497,520. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. Energizer has a 1-year low of $26.92 and a 1-year high of $37.32. The company has a 50 day moving average of $28.41 and a 200 day moving average of $30.51. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 22.79 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. Energizer’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. On average, equities research analysts anticipate that Energizer will post 3.21 EPS for the current year.

Institutional Trading of Energizer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENR. Jones Financial Companies Lllp bought a new stake in Energizer in the third quarter valued at $32,000. Signaturefd LLC grew its holdings in shares of Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after acquiring an additional 361 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Energizer during the first quarter valued at about $64,000. Quadrant Capital Group LLC increased its stake in shares of Energizer by 35.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after purchasing an additional 987 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.