Zacks Investment Research upgraded shares of Energizer Holdings, Inc. (NYSE:EPC) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $85.00 price objective on the stock.
According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “
Other research analysts have also recently issued research reports about the company. Jefferies Group LLC cut their price objective on Energizer Holdings from $78.00 to $73.00 and set a hold rating on the stock in a research report on Wednesday, April 19th. BidaskClub cut Energizer Holdings from a hold rating to a sell rating in a research report on Friday, June 23rd. Citigroup Inc. cut their price objective on Energizer Holdings from $91.00 to $86.00 and set a buy rating on the stock in a research report on Wednesday, May 31st. TheStreet raised Energizer Holdings from a c rating to a b rating in a research report on Thursday, June 22nd. Finally, Societe Generale raised Energizer Holdings from a hold rating to a buy rating and boosted their price objective for the stock from $83.00 to $90.00 in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $86.78.
Energizer Holdings (NYSE:EPC) opened at 74.41 on Tuesday. Energizer Holdings has a 12 month low of $69.63 and a 12 month high of $88.00. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.13 and a beta of 0.97. The company has a 50 day moving average price of $74.47 and a 200 day moving average price of $74.83.
Energizer Holdings (NYSE:EPC) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.09. Energizer Holdings had a return on equity of 11.44% and a net margin of 8.00%. The business had revenue of $611 million for the quarter, compared to analysts’ expectations of $608.13 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Analysts anticipate that Energizer Holdings will post $3.83 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of EPC. BlackRock Inc. raised its stake in shares of Energizer Holdings by 7,004.8% in the first quarter. BlackRock Inc. now owns 9,145,412 shares of the company’s stock valued at $668,896,000 after buying an additional 9,016,691 shares during the last quarter. Credit Suisse AG raised its stake in shares of Energizer Holdings by 149.2% in the first quarter. Credit Suisse AG now owns 4,072,492 shares of the company’s stock valued at $297,861,000 after buying an additional 2,438,114 shares during the last quarter. Norges Bank purchased a new stake in shares of Energizer Holdings during the fourth quarter valued at about $47,555,000. First Trust Advisors LP purchased a new stake in shares of Energizer Holdings during the first quarter valued at about $17,483,000. Finally, American Century Companies Inc. purchased a new stake in shares of Energizer Holdings during the first quarter valued at about $17,012,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.
About Energizer Holdings
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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