Energizer (NYSE:ENR) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

A number of other research analysts also recently commented on the company. Off Wall Street initiated coverage on Energizer in a research note on Monday, October 30th. They set a “sell” rating for the company. Morgan Stanley lowered their price objective on Energizer from $53.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. Zacks Investment Research downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Jefferies Group restated a “hold” rating and set a $47.00 price objective on shares of Energizer in a research note on Wednesday, November 8th. Finally, KeyCorp set a $55.00 price objective on Energizer and gave the stock a “buy” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.38.

Energizer (NYSE:ENR) opened at $59.11 on Wednesday. The company has a market capitalization of $3,091.17, a price-to-earnings ratio of 18.36, a P/E/G ratio of 2.32 and a beta of 0.59. The company has a debt-to-equity ratio of 11.50, a quick ratio of 1.21 and a current ratio of 1.75. Energizer has a 52 week low of $40.64 and a 52 week high of $62.86.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The firm had revenue of $465.00 million during the quarter, compared to the consensus estimate of $437.36 million. Energizer had a return on equity of 291.65% and a net margin of 11.48%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. analysts anticipate that Energizer will post 3.11 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in ENR. Legal & General Group Plc boosted its position in Energizer by 18.5% during the 2nd quarter. Legal & General Group Plc now owns 48,670 shares of the company’s stock worth $2,337,000 after acquiring an additional 7,598 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Energizer by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after acquiring an additional 169 shares during the period. Swiss National Bank boosted its position in Energizer by 1.5% during the 2nd quarter. Swiss National Bank now owns 103,525 shares of the company’s stock worth $4,971,000 after acquiring an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Energizer by 149.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after acquiring an additional 2,071 shares during the period. Finally, Eaton Vance Management boosted its position in Energizer by 0.9% during the 2nd quarter. Eaton Vance Management now owns 28,326 shares of the company’s stock worth $1,360,000 after acquiring an additional 251 shares during the period.

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About Energizer

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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Analyst Recommendations for Energizer (NYSE:ENR)

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