Energizer Holdings Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $48.00 price objective on the stock. Zacks Investment Research’s price objective would indicate 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 equities analysts have also recently commented on ENR. SunTrust Banks Inc. raised their price target on shares of Energizer Holdings from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Jefferies Group reissued a “hold” rating on shares of Energizer Holdings in a research report on Wednesday, August 10th. Finally, Citigroup Inc. raised their price target on shares of Energizer Holdings from $54.00 to $56.00 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 given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.40.
Shares of Energizer Holdings (NYSE:ENR) traded up 1.86% during midday trading on Monday, hitting $43.05. 1,019,608 shares of the stock were exchanged. The stock has a 50 day moving average price of $45.95 and a 200-day moving average price of $47.95. The company has a market cap of $2.66 billion, a PE 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.
Energizer Holdings (NYSE:ENR) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The firm earned $432.40 million during the quarter, compared to analysts’ expectations of $426.53 million. Energizer Holdings had a net margin of 7.81% and a negative return on equity of 766.09%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, analysts predict that Energizer Holdings will post $2.68 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. This is a positive change from Energizer Holdings’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, November 28th. Energizer Holdings’s dividend payout ratio (DPR) is presently 49.02%.
In other news, VP Emily K. Boss sold 1,865 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $49.56, for a total value of $92,429.40. Following the sale, the vice president now directly owns 1,860 shares in the company, valued at approximately $92,181.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.37% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in ENR. Vanguard Group Inc. raised its stake in shares of Energizer Holdings by 10.5% in the second quarter. Vanguard Group Inc. now owns 4,990,249 shares of the company’s stock worth $256,948,000 after buying an additional 473,729 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Energizer Holdings by 206.5% in the third quarter. Neuberger Berman Group LLC now owns 2,361,046 shares of the company’s stock worth $117,958,000 after buying an additional 1,590,622 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Energizer Holdings by 4.4% in the third quarter. BlackRock Fund Advisors now owns 2,288,250 shares of the company’s stock worth $114,321,000 after buying an additional 96,101 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Energizer Holdings by 6,914.1% in the third quarter. First Trust Advisors LP now owns 2,272,993 shares of the company’s stock worth $113,559,000 after buying an additional 2,240,587 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Energizer Holdings by 1.0% in the second quarter. State Street Corp now owns 1,761,049 shares of the company’s stock worth $90,672,000 after buying an additional 18,119 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.
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.