Zacks Investment Research upgraded shares of Energizer Holdings Inc. (NYSE:ENR) from a hold rating to a buy rating in a report published on Monday. The brokerage currently has $48.00 price objective on the stock.
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. “
A number of other research analysts have also weighed in on ENR. Jefferies Group raised their price objective on Energizer Holdings from $50.00 to $51.00 and gave the company a hold rating in a research report on Thursday, November 10th. Citigroup Inc. raised their price objective on Energizer Holdings from $54.00 to $56.00 and gave the company a buy rating in a research report on Thursday, August 4th. Finally, SunTrust Banks Inc. raised their price objective on Energizer Holdings from $50.00 to $55.00 and gave the company a buy rating in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $52.40.
Energizer Holdings (NYSE:ENR) opened at 43.05 on Monday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 21.10 and a beta of 0.61. The firm’s 50-day moving average price is $45.95 and its 200-day moving average price is $47.95. Energizer Holdings has a 52-week low of $28.85 and a 52-week high of $53.41.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $426.53 million. During the same quarter in the prior year, the business posted $0.61 EPS. Energizer Holdings’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Energizer Holdings will post $2.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a $0.275 dividend. The ex-dividend date is Monday, November 28th. This represents a $1.10 annualized dividend and a yield of 2.56%. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.25. Energizer Holdings’s dividend payout ratio (DPR) is currently 49.02%.
In related 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 value of $92,429.40. Following the completion of the transaction, the vice president now owns 1,860 shares in the company, valued at $92,181.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.37% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Squarepoint Ops LLC bought a new position in Energizer Holdings during the first quarter valued at approximately $1,202,000. Boothbay Fund Management LLC bought a new position in Energizer Holdings during the first quarter valued at approximately $273,000. BNP Paribas Arbitrage SA raised its position in Energizer Holdings by 44.4% in the second quarter. BNP Paribas Arbitrage SA now owns 25,936 shares of the company’s stock valued at $1,335,000 after buying an additional 7,969 shares in the last quarter. Creative Planning raised its position in Energizer Holdings by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock valued at $100,000 after buying an additional 230 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Energizer Holdings by 22.2% in the second quarter. Fisher Asset Management LLC now owns 67,170 shares of the company’s stock valued at $3,438,000 after buying an additional 12,200 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.
About Energizer Holdings
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.