Citigroup Inc. Cuts Energizer Holdings, Inc. (EPC) Price Target to $77.00
A number of other research analysts also recently commented on the company. Deutsche Bank AG restated a hold rating and set a $75.00 price objective (down from $77.00) on shares of Energizer Holdings in a research note on Saturday, July 22nd. Zacks Investment Research downgraded Energizer Holdings from a buy rating to a hold rating in a research note on Friday, July 21st. Jefferies Group LLC reissued a hold rating and issued a $78.00 price target on shares of Energizer Holdings in a research note on Thursday, October 19th. Royal Bank Of Canada reissued a buy rating and issued a $105.00 price target on shares of Energizer Holdings in a research note on Sunday, July 16th. Finally, Bank of America Corporation decreased their price target on Energizer Holdings from $79.00 to $77.00 and set a neutral rating for the company in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Energizer Holdings has a consensus rating of Hold and a consensus target price of $76.27.
Shares of Energizer Holdings (NYSE:EPC) traded down $2.09 during midday trading on Friday, hitting $57.31. The stock had a trading volume of 1,924,400 shares, compared to its average volume of 537,878. Energizer Holdings has a 1-year low of $55.94 and a 1-year high of $82.69. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 0.88. The company has a market cap of $3,265.03, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91.
Energizer Holdings (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.00 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.03). The company had revenue of $564.90 million for the quarter, compared to the consensus estimate of $588.28 million. Energizer Holdings had a return on equity of 12.54% and a net margin of 0.25%. Energizer Holdings’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 earnings per share. research analysts forecast that Energizer Holdings will post 3.9 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in EPC. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Energizer Holdings by 1,366.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,801 shares of the company’s stock worth $10,400,000 after acquiring an additional 127,474 shares in the last quarter. Clinton Group Inc. purchased a new stake in Energizer Holdings in the 2nd quarter worth about $637,000. Commerce Bank lifted its stake in Energizer Holdings by 0.7% in the 2nd quarter. Commerce Bank now owns 255,067 shares of the company’s stock worth $19,390,000 after acquiring an additional 1,669 shares in the last quarter. American Century Companies Inc. lifted its stake in Energizer Holdings by 38.4% in the 2nd quarter. American Century Companies Inc. now owns 321,828 shares of the company’s stock worth $24,465,000 after acquiring an additional 89,231 shares in the last quarter. Finally, AHL Partners LLP purchased a new stake in Energizer Holdings in the 2nd quarter worth about $3,065,000. 90.27% of the stock is owned by institutional investors and hedge funds.
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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