Energizer Holdings Inc (NYSE:ENR) Receives Consensus Recommendation of “Hold” from Analysts

Energizer Holdings Inc (NYSE:ENR) has earned an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $53.00.

ENR has been the subject of a number of research reports. TheStreet cut shares of Energizer from a “b-” rating to a “c” rating in a report on Friday, June 7th. Zacks Investment Research cut shares of Energizer from a “hold” rating to a “sell” rating and set a $45.00 target price for the company. in a report on Friday, June 14th. ValuEngine upgraded shares of Energizer from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Citigroup upgraded shares of Energizer from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $54.00 in a report on Tuesday, May 14th. Finally, Royal Bank of Canada restated a “buy” rating and set a $70.00 target price on shares of Energizer in a report on Thursday, August 8th.

In other news, CEO Alan R. Hoskins purchased 10,000 shares of Energizer stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $35.00 per share, for a total transaction of $350,000.00. Following the transaction, the chief executive officer now owns 260,337 shares in the company, valued at $9,111,795. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert V. Vitale purchased 1,765 shares of Energizer stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $42.31 per share, with a total value of $74,677.15. Following the transaction, the director now owns 8,225 shares in the company, valued at approximately $347,999.75. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 41,327 shares of company stock valued at $1,482,040. 2.25% of the stock is owned by insiders.



Several large investors have recently modified their holdings of ENR. Nuveen Asset Management LLC purchased a new stake in Energizer in the 2nd quarter worth approximately $58,575,000. Invesco Ltd. lifted its position in Energizer by 142.2% in the 2nd quarter. Invesco Ltd. now owns 1,778,836 shares of the company’s stock worth $68,734,000 after buying an additional 1,044,356 shares in the last quarter. FMR LLC lifted its position in Energizer by 36.0% in the 1st quarter. FMR LLC now owns 3,062,185 shares of the company’s stock worth $137,584,000 after buying an additional 810,576 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in Energizer by 164.1% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,254,284 shares of the company’s stock worth $48,466,000 after buying an additional 779,441 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its position in Energizer by 447.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 408,812 shares of the company’s stock worth $15,796,000 after buying an additional 334,187 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Shares of Energizer stock traded down $0.69 on Friday, hitting $36.52. The company had a trading volume of 712,888 shares, compared to its average volume of 1,245,079. The company has a market cap of $2.51 billion, a PE ratio of 10.84, a PEG ratio of 6.76 and a beta of 0.55. Energizer has a 52 week low of $32.54 and a 52 week high of $65.06. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.88 and a quick ratio of 1.40. The business has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $43.45.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.10). The business had revenue of $647.20 million for the quarter, compared to the consensus estimate of $673.50 million. Energizer had a return on equity of 60.51% and a net margin of 0.29%. The company’s quarterly revenue was up 64.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, equities research analysts predict that Energizer will post 2.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be given a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.29%. Energizer’s dividend payout ratio (DPR) is presently 35.61%.

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.

Read More: Gap Down Stocks

Analyst Recommendations for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.