Energizer (ENR) Upgraded to “Hold” by Zacks Investment Research

Energizer (NYSE:ENR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Shares of Energizer have declined and underperformed the industry in the past six months. This may be attributed to the company’s soft top-line performance during the first quarter of fiscal 2019, wherein the metric missed the Zacks Consensus Estimate and also declined year over year for second time in row. Certainly, dismal margins as well as high debt level might have also kept investors on their toes. Additionally, headwinds related to currency fluctuations and commodity costs cannot be ignored. Nevertheless, Energizer’s bottom line performance keeps the hope alive. The quarterly earnings not only increased but also beat the consensus mark. Results were backed by increase in organic revenues, cost saving initiatives, lower tax rate and decline in adjusted SG&A expenses. To enhance its portfolio, the company recently concluded the buyout of Spectrum's battery and portable lighting business and the auto care business.”

Several other equities analysts have also recently weighed in on ENR. Jefferies Financial Group reissued a “buy” rating and set a $64.00 price objective on shares of Energizer in a research report on Tuesday, January 15th. Barclays reissued a “buy” rating and set a $54.00 price objective on shares of Energizer in a research report on Sunday, March 3rd. JPMorgan Chase & Co. started coverage on Energizer in a research report on Friday, March 22nd. They set a “neutral” rating and a $49.00 price objective for the company. Evercore ISI started coverage on Energizer in a research report on Tuesday, February 12th. They set an “outperform” rating and a $55.00 price objective for the company. Finally, ValuEngine cut Energizer from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Energizer has a consensus rating of “Hold” and an average price target of $58.42.

Shares of ENR traded down $0.39 during trading hours on Tuesday, hitting $47.71. 15,692 shares of the company were exchanged, compared to its average volume of 602,787. The company has a market cap of $3.39 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.67 and a beta of 0.48. Energizer has a 52 week low of $42.74 and a 52 week high of $65.57. The company has a debt-to-equity ratio of 13.86, a quick ratio of 1.10 and a current ratio of 1.45.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.11. The company had revenue of $572.00 million during the quarter, compared to the consensus estimate of $572.02 million. Energizer had a return on equity of 452.08% and a net margin of 5.78%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 EPS. On average, research analysts predict that Energizer will post 3 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc raised its holdings in Energizer by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 5,521,114 shares of the company’s stock valued at $323,813,000 after acquiring an additional 114,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Energizer by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,521,114 shares of the company’s stock valued at $323,813,000 after acquiring an additional 114,000 shares in the last quarter. BlackRock Inc. raised its holdings in Energizer by 1.4% in the 4th quarter. BlackRock Inc. now owns 5,384,274 shares of the company’s stock valued at $243,101,000 after acquiring an additional 72,563 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Energizer by 4.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,160,218 shares of the company’s stock valued at $302,647,000 after acquiring an additional 243,347 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in Energizer by 32.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 3,949,977 shares of the company’s stock valued at $178,342,000 after acquiring an additional 961,356 shares in the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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