Energizer Holdings, Inc. (ENR) Earns Buy Rating from Citigroup Inc.
Energizer Holdings, Inc. (NYSE:ENR)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a report issued on Wednesday. They presently have a $54.00 target price on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 26.85% from the company’s current price.
Several other research firms also recently weighed in on ENR. Jefferies Group LLC set a $60.00 price target on shares of Energizer Holdings and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada decreased their price target on shares of Energizer Holdings from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Zacks Investment Research downgraded shares of Energizer Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. BidaskClub downgraded shares of Energizer Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $55.00 price target (down from $62.00) on shares of Energizer Holdings in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $53.88.
Energizer Holdings (ENR) traded up 0.47% on Wednesday, hitting $42.77. The stock had a trading volume of 1,116,069 shares. The company has a 50-day moving average price of $44.92 and a 200-day moving average price of $52.04. Energizer Holdings has a 52 week low of $40.98 and a 52 week high of $60.07. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.20 and a beta of 0.57.
Energizer Holdings (NYSE:ENR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Energizer Holdings had a net margin of 10.97% and a return on equity of 529.84%. The business had revenue of $372 million for the quarter, compared to the consensus estimate of $390.88 million. During the same period last year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts anticipate that Energizer Holdings will post $2.90 earnings per share for the current fiscal year.
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In related news, CEO Alan R. Hoskins purchased 12,112 shares of Energizer Holdings stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $41.28 per share, for a total transaction of $499,983.36. Following the acquisition, the chief executive officer now owns 98,887 shares in the company, valued at approximately $4,082,055.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Timothy W. Gorman purchased 5,500 shares of Energizer Holdings stock in a transaction on Friday, August 18th. The stock was bought at an average price of $41.43 per share, for a total transaction of $227,865.00. Following the completion of the acquisition, the chief financial officer now owns 14,674 shares in the company, valued at approximately $607,943.82. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 24,912 shares of company stock worth $1,031,601. 1.73% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Energizer Holdings by 29.7% in the second quarter. BlackRock Inc. now owns 6,819,769 shares of the company’s stock worth $327,486,000 after buying an additional 1,561,447 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Energizer Holdings by 0.6% in the second quarter. Vanguard Group Inc. now owns 5,221,575 shares of the company’s stock worth $250,740,000 after buying an additional 28,652 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Energizer Holdings by 10.0% in the second quarter. Neuberger Berman Group LLC now owns 2,688,833 shares of the company’s stock worth $129,118,000 after buying an additional 244,332 shares in the last quarter. State Street Corp increased its stake in shares of Energizer Holdings by 1.9% in the second quarter. State Street Corp now owns 1,787,608 shares of the company’s stock worth $85,841,000 after buying an additional 33,625 shares in the last quarter. Finally, Bank of America Corp DE increased 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 in the last quarter. Institutional investors own 92.51% of the company’s stock.
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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