Energizer Holdings, Inc. (EPC) Cut to C+ at TheStreet

Energizer Holdings, Inc. (NYSE:EPC) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Wednesday, July 12th.

EPC has been the topic of a number of other research reports. Jefferies Group LLC reiterated a “buy” rating on shares of Energizer Holdings in a report on Monday, March 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $105.00 price target on shares of Energizer Holdings in a report on Friday, March 24th. Zacks Investment Research lowered shares of Energizer Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. BidaskClub upgraded shares of Energizer Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $77.00 price target (up previously from $74.00) on shares of Energizer Holdings in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Energizer Holdings has an average rating of “Hold” and a consensus target price of $85.22.

Energizer Holdings (EPC) opened at 74.26 on Wednesday. Energizer Holdings has a 12-month low of $69.63 and a 12-month high of $84.45. The stock has a 50 day moving average price of $73.59 and a 200-day moving average price of $74.32. The stock has a market capitalization of $4.23 billion, a P/E ratio of 20.91 and a beta of 0.95.

Energizer Holdings (NYSE:EPC) last posted its earnings results on Tuesday, August 8th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.31. The firm had revenue of $637.50 million for the quarter, compared to analysts’ expectations of $648.13 million. Energizer Holdings had a net margin of 8.80% and a return on equity of 12.71%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Equities research analysts expect that Energizer Holdings will post $3.97 EPS for the current year.

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Several institutional investors have recently made changes to their positions in EPC. BlackRock Inc. increased its stake in Energizer Holdings by 7,004.8% in the first quarter. BlackRock Inc. now owns 9,145,412 shares of the company’s stock valued at $668,896,000 after buying an additional 9,016,691 shares during the last quarter. Credit Suisse AG increased its stake in Energizer Holdings by 149.2% in the first quarter. Credit Suisse AG now owns 4,072,492 shares of the company’s stock valued at $297,861,000 after buying an additional 2,438,114 shares during the last quarter. Norges Bank acquired a new stake in Energizer Holdings during the fourth quarter valued at approximately $47,555,000. First Trust Advisors LP acquired a new stake in Energizer Holdings during the first quarter valued at approximately $17,483,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Energizer Holdings by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 3,057,051 shares of the company’s stock worth $232,397,000 after buying an additional 238,452 shares during the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

Energizer Holdings Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.

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