Energizer (ENR) Raised to Buy at Zacks Investment Research

Energizer (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $58.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.64% from the company’s previous close.

According to Zacks, “Energizer is one of the leading names in the global batteries and lighting products business. The company’s battery business generates over 90% of the revenues. Acquisition of HandStands diversified its portfolio by including brands like Refresh Your Car!, California Scents and Eagle One. Acquisition and strong product portfolio will continue to drive top line. Energizer also has a strong shareholder returns plan in place, which is an added positive. The company also has positive  record of earnings surprises in recent quarters. However, battery business faces threat as these days devices come equipped with in-built batteries. Moreover, stiff competition and unfavorable forex fluctuations are added concerns. Shares have outperformed the broader market in the past one year.”

A number of other equities analysts have also recently weighed in on the company. Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and decreased their price target for the stock from $50.00 to $49.00 in a report on Thursday, January 4th. KeyCorp set a $55.00 price target on Energizer and gave the stock a “buy” rating in a report on Saturday, November 25th. Citigroup decreased their price target on Energizer from $54.00 to $52.00 and set a “buy” rating for the company in a report on Friday, November 10th. Morgan Stanley decreased their price target on Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Finally, Jefferies Group restated a “hold” rating and issued a $47.00 price target on shares of Energizer in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Energizer presently has an average rating of “Hold” and a consensus target price of $52.25.

Shares of Energizer (NYSE:ENR) traded up $0.07 during trading hours on Wednesday, hitting $51.49. The stock had a trading volume of 768,400 shares, compared to its average volume of 1,004,917. The company has a quick ratio of 1.21, a current ratio of 1.75 and a debt-to-equity ratio of 11.50. Energizer has a 1-year low of $40.64 and a 1-year high of $60.07. The stock has a market cap of $3,089.37, a PE ratio of 15.99, a P/E/G ratio of 2.36 and a beta of 0.59.

Energizer (NYSE:ENR) last issued its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The business had revenue of $465.00 million during the quarter, compared to analysts’ expectations of $437.36 million. Energizer had a return on equity of 291.65% and a net margin of 11.48%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. research analysts expect that Energizer will post 3.05 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ENR. BlackRock Inc. raised its position in shares of Energizer by 29.7% in the 2nd quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock valued at $327,486,000 after purchasing an additional 1,561,447 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Energizer by 77.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,498 shares of the company’s stock valued at $90,972,000 after purchasing an additional 863,371 shares in the last quarter. American Century Companies Inc. raised its position in shares of Energizer by 425.5% in the 3rd quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock valued at $29,528,000 after purchasing an additional 519,184 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Energizer in the 3rd quarter valued at approximately $23,581,000. Finally, Neuberger Berman Group LLC raised its position in shares of Energizer by 11.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after purchasing an additional 304,730 shares in the last quarter. 97.22% of the stock is currently owned by institutional investors.

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Energizer 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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