Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “neutral” rating reissued by analysts at UBS AG in a report issued on Wednesday, August 9th, www.flashratings.com reports. They currently have a $47.00 price objective on the stock, down from their prior price objective of $49.00. UBS AG’s target price would indicate a potential upside of 13.72% from the company’s current price.
ENR has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $55.00 price objective (down previously from $62.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. Royal Bank Of Canada cut their price objective on Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Zacks Investment Research raised Energizer Holdings from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Monday, July 10th. BidaskClub downgraded Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, KeyCorp raised Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.86.
Energizer Holdings (NYSE ENR) opened at 41.33 on Wednesday. The firm’s 50-day moving average is $45.12 and its 200-day moving average is $52.11. The company has a market capitalization of $2.56 billion, a PE ratio of 13.72 and a beta of 0.57. Energizer Holdings has a 12 month low of $40.98 and a 12 month high of $60.07.
Energizer Holdings (NYSE:ENR) last released its earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm had revenue of $372 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 company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Equities analysts anticipate that Energizer Holdings will post $2.90 EPS for the current fiscal year.
In related news, Director Robert V. Vitale acquired 7,300 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $95,703. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.73% of the company’s stock.
Several large investors have recently modified their holdings of ENR. Creative Planning boosted its stake in shares of 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 during the period. LS Investment Advisors LLC raised its position in shares of Energizer Holdings by 0.5% in the first quarter. LS Investment Advisors LLC now owns 4,272 shares of the company’s stock valued at $238,000 after buying an additional 21 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Energizer Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,657 shares of the company’s stock valued at $416,000 after buying an additional 22 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Energizer Holdings by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 10,673 shares of the company’s stock valued at $595,000 after buying an additional 33 shares in the last quarter. Finally, Advisor Group Inc. raised 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 buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.
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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