Analysts Set Energizer Holdings, Inc. (NYSE:ENR) PT at $35.00

Energizer Holdings, Inc. (NYSE:ENR) has been assigned an average recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

A number of research firms have recently commented on ENR. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Barclays dropped their target price on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th.

Energizer Stock Up 1.3 %

Shares of NYSE:ENR opened at $28.96 on Friday. The stock’s 50-day moving average is $28.61 and its 200 day moving average is $30.67. The company has a market cap of $2.08 billion, a PE ratio of 22.42 and a beta of 1.06. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. Energizer has a 1 year low of $26.92 and a 1 year high of $37.32.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $716.60 million for the quarter, compared to the consensus estimate of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. Sell-side analysts anticipate that Energizer will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, February 20th. Energizer’s dividend payout ratio (DPR) is 93.02%.

Institutional Investors Weigh In On Energizer

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Energizer in the 3rd quarter valued at $32,000. Signaturefd LLC grew its holdings in shares of Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock worth $44,000 after purchasing an additional 361 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Energizer by 35.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after buying an additional 987 shares during the period. Everence Capital Management Inc. bought a new stake in Energizer during the 4th quarter valued at about $215,000. Finally, CIBC Asset Management Inc purchased a new stake in Energizer in the 3rd quarter valued at about $226,000. Institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.