Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report issued on Thursday. They presently have a $54.00 price objective on the stock, down from their prior price objective of $62.00. Jefferies Group LLC’s price objective would suggest a potential upside of 14.29% from the company’s previous close.
Several other research firms have also recently issued reports on ENR. Morgan Stanley cut shares of Energizer Holdings from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $58.00 to $61.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Energizer Holdings from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Wednesday, April 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $57.00 price objective on shares of Energizer Holdings in a research report on Friday, March 24th. Finally, BidaskClub cut shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Energizer Holdings currently has a consensus rating of “Hold” and a consensus price target of $57.57.
Shares of Energizer Holdings (NYSE:ENR) opened at 47.25 on Thursday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 15.72 and a beta of 0.61. The stock’s 50 day moving average price is $52.04 and its 200 day moving average price is $52.61. Energizer Holdings has a one year low of $41.97 and a one year high of $60.07.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.16. The business had revenue of $359 million during the quarter, compared to analysts’ expectations of $366.66 million. Energizer Holdings had a net margin of 11.00% and a return on equity of 1,405.85%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Analysts forecast that Energizer Holdings will post $2.86 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Monday, May 22nd were given a $0.275 dividend. The ex-dividend date was Thursday, May 18th. This represents a $1.10 dividend on an annualized basis and a yield of 2.33%. Energizer Holdings’s dividend payout ratio (DPR) is presently 36.67%.
Large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Energizer Holdings by 12,028.5% in the first quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the period. Columbus Circle Investors bought a new stake in shares of Energizer Holdings during the first quarter worth $39,949,000. Norges Bank bought a new stake in shares of Energizer Holdings during the fourth quarter worth $30,292,000. Morgan Stanley boosted its stake in shares of Energizer Holdings by 132.1% in the first quarter. Morgan Stanley now owns 650,329 shares of the company’s stock worth $36,256,000 after buying an additional 370,139 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Energizer Holdings by 28.2% in the first quarter. Bank of America Corp DE now owns 1,525,675 shares of the company’s stock worth $85,056,000 after buying an additional 336,062 shares during the period. 91.87% of the stock is owned by hedge funds and other institutional investors.
About Energizer Holdings
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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