Energizer Holdings Inc (ENR) Receives $68.67 Average PT from Brokerages

Shares of Energizer Holdings Inc (NYSE:ENR) have earned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $68.67.

ENR has been the topic of a number of analyst reports. Deutsche Bank boosted their price objective on shares of Energizer from $64.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Morgan Stanley boosted their price objective on shares of Energizer from $63.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, August 2nd. Jefferies Financial Group upgraded shares of Energizer to a “buy” rating and set a $80.00 price objective on the stock in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. Finally, UBS Group initiated coverage on shares of Energizer in a research report on Thursday, July 19th. They set a “neutral” rating and a $68.00 price objective on the stock.

In related news, EVP Gregory T. Kinder sold 3,810 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $65.00, for a total value of $247,650.00. Following the completion of the sale, the executive vice president now directly owns 3,811 shares of the company’s stock, valued at $247,715. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Stephen Lavigne sold 12,484 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $65.08, for a total transaction of $812,458.72. Following the completion of the sale, the vice president now directly owns 22,394 shares of the company’s stock, valued at $1,457,401.52. The disclosure for this sale can be found here. Corporate insiders own 1.79% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Energizer during the first quarter valued at about $118,000. Advisory Services Network LLC lifted its position in shares of Energizer by 443.8% during the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock valued at $128,000 after buying an additional 1,611 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Energizer during the second quarter valued at about $129,000. Fortis Advisors LLC purchased a new stake in shares of Energizer during the second quarter valued at about $137,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Energizer during the first quarter valued at about $169,000. 96.32% of the stock is owned by institutional investors.

ENR traded up $1.07 during trading hours on Wednesday, hitting $59.66. The company’s stock had a trading volume of 9,001 shares, compared to its average volume of 708,944. Energizer has a 12 month low of $40.64 and a 12 month high of $65.57. The stock has a market capitalization of $3.51 billion, a PE ratio of 19.78, a P/E/G ratio of 2.25 and a beta of 0.81. The company has a debt-to-equity ratio of 20.43, a quick ratio of 1.31 and a current ratio of 1.82.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The business had revenue of $392.80 million for the quarter, compared to analysts’ expectations of $389.13 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that Energizer will post 3.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Thursday, August 16th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, August 15th. Energizer’s payout ratio is presently 38.93%.

About Energizer

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

Further Reading: Intrinsic Value

Analyst Recommendations for Energizer (NYSE:ENR)

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