BidaskClub lowered shares of Energizer Holdings, Inc. (NYSE:ENR) from a sell rating to a strong sell rating in a report released on Wednesday morning.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Energizer Holdings from a hold rating to a buy rating and set a $53.00 price objective on the stock in a research note on Monday, July 10th. Royal Bank Of Canada reiterated a buy rating and issued a $60.00 price objective on shares of Energizer Holdings in a research note on Thursday, June 8th. Morgan Stanley cut shares of Energizer Holdings from an overweight rating to an equal weight rating and increased their price objective for the stock from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a hold rating and issued a $54.00 price objective (down previously from $62.00) on shares of Energizer Holdings in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $56.00.
Shares of Energizer Holdings (ENR) opened at 47.06 on Wednesday. The firm has a 50-day moving average of $52.04 and a 200 day moving average of $52.61. Energizer Holdings has a 12 month low of $41.97 and a 12 month high of $60.07. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 15.66 and a beta of 0.61.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.16. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The firm had revenue of $359 million for the quarter, compared to analysts’ expectations of $366.66 million. During the same quarter in the prior year, the business earned $0.30 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts expect that Energizer Holdings will post $2.86 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in ENR. Creative Planning boosted its stake in 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 last quarter. Acrospire Investment Management LLC purchased a new stake in Energizer Holdings during the first quarter worth approximately $114,000. Financial Counselors Inc. purchased a new stake in Energizer Holdings during the first quarter worth approximately $201,000. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in Energizer Holdings during the first quarter worth approximately $234,000. Finally, World Asset Management Inc purchased a new stake in Energizer Holdings during the first quarter worth approximately $221,000. Institutional investors own 91.89% of the company’s stock.
Energizer Holdings Company Profile
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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