Energizer Holdings Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $48.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.50% from the stock’s current price.
According to Zacks, “Energizer Holdings, Inc. is a consumer goods company. The company offers solutions in portable power, lighting, wet shave and personal grooming, skin care, feminine care and infant care. Energizer Holdings, Inc. is based in St. Louis, United States. “
Several other research analysts have also recently commented on ENR. Jefferies Group reissued a “hold” rating on shares of Energizer Holdings in a research note on Wednesday, August 10th. SunTrust Banks Inc. boosted their target price on Energizer Holdings from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Citigroup Inc. boosted their target price on Energizer Holdings from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.40.
Shares of Energizer Holdings (NYSE:ENR) traded up 1.86% on Monday, hitting $43.05. The stock had a trading volume of 1,019,608 shares. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 21.10 and a beta of 0.61. Energizer Holdings has a 12-month low of $28.85 and a 12-month high of $53.41. The stock has a 50 day moving average price of $45.95 and a 200-day moving average price of $47.95.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. Energizer Holdings had a negative return on equity of 766.09% and a net margin of 7.81%. The business earned $432.40 million during the quarter, compared to analysts’ expectations of $426.53 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts expect that Energizer Holdings will post $2.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. This is an increase from Energizer Holdings’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, November 28th. Energizer Holdings’s payout ratio is 49.02%.
In other Energizer Holdings news, VP Emily K. Boss sold 1,865 shares of Energizer Holdings stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $49.56, for a total transaction of $92,429.40. Following the completion of the sale, the vice president now directly owns 1,860 shares of the company’s stock, valued at approximately $92,181.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.37% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ENR. Johnson Investment Counsel Inc. increased its stake in shares of Energizer Holdings by 0.4% in the second quarter. Johnson Investment Counsel Inc. now owns 8,670 shares of the company’s stock worth $446,000 after buying an additional 34 shares during the period. Creative Planning increased its stake in shares of Energizer Holdings by 3.1% in the third quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $100,000 after buying an additional 61 shares during the period. Advisor Group Inc. increased its stake in shares of Energizer Holdings by 1.4% in the third quarter. Advisor Group Inc. now owns 4,807 shares of the company’s stock worth $240,000 after buying an additional 65 shares during the period. Zurich Insurance Group Ltd FI increased its stake in shares of Energizer Holdings by 2.3% in the second quarter. Zurich Insurance Group Ltd FI now owns 3,143 shares of the company’s stock worth $162,000 after buying an additional 70 shares during the period. Finally, State Treasurer State of Michigan increased its stake in shares of Energizer Holdings by 0.4% in the third quarter. State Treasurer State of Michigan now owns 24,944 shares of the company’s stock worth $1,246,000 after buying an additional 100 shares during the period. 95.54% of the stock is owned by institutional investors.
Energizer Holdings Company Profile
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.