Morgan Stanley Cuts Energizer (NYSE:ENR) Price Target to $50.00

Energizer (NYSE:ENR) had its target price reduced by Morgan Stanley from $52.00 to $50.00 in a research report released on Wednesday morning, Anlyst Ratings reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently commented on the stock. Barclays reaffirmed a buy rating on shares of Energizer in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Energizer from $47.00 to $55.00 and gave the company a buy rating in a research report on Tuesday, July 28th. Royal Bank of Canada reissued a buy rating and issued a $53.00 target price on shares of Energizer in a research report on Thursday, August 6th. SunTrust Banks boosted their target price on shares of Energizer from $45.00 to $55.00 in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Energizer from $43.00 to $47.00 and gave the company a neutral rating in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $49.73.

ENR stock opened at $41.64 on Wednesday. The company has a debt-to-equity ratio of 8.43, a current ratio of 1.64 and a quick ratio of 1.12. The company has a fifty day moving average price of $42.00 and a two-hundred day moving average price of $43.02. Energizer has a one year low of $26.60 and a one year high of $53.84. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of -260.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.09). Energizer had a return on equity of 42.46% and a net margin of 0.16%. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $640.27 million. During the same period last year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Research analysts anticipate that Energizer will post 2.52 EPS for the current fiscal year.

In related news, Director Robert V. Vitale purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $45.21 per share, with a total value of $90,420.00. Following the completion of the purchase, the director now directly owns 15,225 shares in the company, valued at $688,322.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its stake in Energizer by 7.8% in the second quarter. Principal Financial Group Inc. now owns 2,339,877 shares of the company’s stock valued at $111,121,000 after purchasing an additional 169,823 shares in the last quarter. State Street Corp raised its stake in Energizer by 2.1% in the first quarter. State Street Corp now owns 1,562,852 shares of the company’s stock valued at $47,276,000 after purchasing an additional 32,862 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Energizer by 6.6% in the second quarter. Bank of New York Mellon Corp now owns 771,443 shares of the company’s stock valued at $36,636,000 after purchasing an additional 48,030 shares in the last quarter. Geode Capital Management LLC raised its stake in Energizer by 4.0% in the first quarter. Geode Capital Management LLC now owns 730,661 shares of the company’s stock valued at $22,102,000 after purchasing an additional 28,175 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Energizer during the second quarter worth about $18,778,000. 89.38% of the stock is owned by institutional investors and hedge funds.

About Energizer

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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