Energizer Holdings Inc (NYSE:ENR) Receives $54.00 Consensus Price Target from Brokerages

Energizer Holdings Inc (NYSE:ENR) has been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $54.00.

Several equities research analysts have recently weighed in on the company. ValuEngine raised Energizer from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group raised Energizer from a “neutral” rating to a “buy” rating and cut their target price for the stock from $50.00 to $46.00 in a research report on Thursday, August 22nd. Bank of America raised Energizer from an “underperform” rating to a “buy” rating and raised their target price for the stock from $35.00 to $48.00 in a research report on Monday, September 9th. Deutsche Bank raised Energizer from a “hold” rating to a “buy” rating and raised their target price for the stock from $38.00 to $52.00 in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $70.00 target price on shares of Energizer in a research report on Thursday, August 8th.

In other news, CFO Timothy W. Gorman purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $35.73 per share, for a total transaction of $357,300.00. Following the purchase, the chief financial officer now directly owns 55,072 shares of the company’s stock, valued at approximately $1,967,722.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Eddy Klein purchased 840 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $35.48 per share, for a total transaction of $29,803.20. Following the purchase, the director now directly owns 7,840 shares in the company, valued at $278,163.20. The disclosure for this purchase can be found here. Insiders have purchased a total of 39,153 shares of company stock worth $1,389,776 in the last 90 days. 2.25% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of Energizer by 36.0% in the 1st quarter. FMR LLC now owns 3,062,185 shares of the company’s stock valued at $137,584,000 after purchasing an additional 810,576 shares during the last quarter. Invesco Ltd. grew its stake in shares of Energizer by 142.2% in the 2nd quarter. Invesco Ltd. now owns 1,778,836 shares of the company’s stock valued at $68,734,000 after purchasing an additional 1,044,356 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Energizer by 13.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,601,214 shares of the company’s stock valued at $61,871,000 after purchasing an additional 185,532 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Energizer in the 2nd quarter valued at approximately $58,575,000. Finally, Boston Partners grew its stake in shares of Energizer by 48.6% in the 2nd quarter. Boston Partners now owns 1,309,394 shares of the company’s stock valued at $50,775,000 after purchasing an additional 428,192 shares during the last quarter. Hedge funds and other institutional investors own 98.20% of the company’s stock.

ENR stock traded up $0.01 during mid-day trading on Friday, reaching $40.25. The company had a trading volume of 417,189 shares, compared to its average volume of 789,598. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.40 and a current ratio of 1.88. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 6.74 and a beta of 0.59. The firm has a fifty day simple moving average of $41.36 and a 200 day simple moving average of $42.08. Energizer has a fifty-two week low of $32.54 and a fifty-two week high of $61.78.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Energizer had a net margin of 0.29% and a return on equity of 60.51%. The company had revenue of $647.20 million during the quarter, compared to analyst estimates of $673.50 million. During the same period in the prior year, the business earned $0.54 EPS. Energizer’s revenue for the quarter was up 64.8% on a year-over-year basis. As a group, analysts predict that Energizer will post 2.93 earnings per share for the current year.

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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Analyst Recommendations for Energizer (NYSE:ENR)

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