Energizer Holdings, Inc. (NYSE:ENR) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $55.00 price target on the stock. KeyCorp’s price target points to a potential upside of 15.16% from the stock’s current price.
Several other analysts also recently issued reports on the company. Royal Bank Of Canada reissued a “buy” rating and set a $57.00 target price on shares of Energizer Holdings in a research note on Friday, March 24th. Morgan Stanley downgraded Energizer Holdings from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $58.00 to $61.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded Energizer Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. BidaskClub downgraded Energizer Holdings from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC set a $60.00 target price on Energizer Holdings and gave the company a “hold” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $55.88.
Energizer Holdings (ENR) opened at 47.76 on Tuesday. Energizer Holdings has a 52-week low of $41.97 and a 52-week high of $60.07. The company has a 50 day moving average of $49.70 and a 200 day moving average of $52.95. The company has a market capitalization of $2.95 billion, a PE ratio of 15.89 and a beta of 0.61.
Energizer Holdings (NYSE:ENR) last issued its earnings results on Wednesday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.16. The company had revenue of $359 million for the quarter, compared to the consensus estimate of $366.66 million. Energizer Holdings had a return on equity of 1,405.85% and a net margin of 11.00%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. On average, equities research analysts forecast that Energizer Holdings will post $2.86 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in ENR. Creative Planning increased its stake in Energizer Holdings by 0.4% in the first quarter. Creative Planning now owns 1,999 shares of the company’s stock worth $111,000 after buying an additional 7 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Energizer Holdings during the first quarter valued at $114,000. Financial Counselors Inc. bought a new position in Energizer Holdings during the first quarter valued at $201,000. World Asset Management Inc bought a new position in Energizer Holdings during the first quarter valued at $221,000. Finally, Edmonds Duncan Registered Investment Advisors LLC bought a new position in Energizer Holdings during the first quarter valued at $234,000. 91.89% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Energizer Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.