Energizer Holdings, Inc. (EPC) Price Target Cut to $65.00
Energizer Holdings, Inc. (NYSE:EPC) had its price objective lowered by Bank of America Corporation from $77.00 to $65.00 in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock. Bank of America Corporation’s price target indicates a potential upside of 13.42% from the stock’s current price.
Several other equities analysts have also weighed in on EPC. Jefferies Group LLC reaffirmed a “hold” rating and set a $78.00 target price (up from $77.00) on shares of Energizer Holdings in a report on Thursday, August 10th. Citigroup Inc. cut their price target on shares of Energizer Holdings from $87.00 to $77.00 and set a “buy” rating for the company in a report on Friday. Morgan Stanley cut their price target on shares of Energizer Holdings from $80.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday. BidaskClub raised shares of Energizer Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. Finally, KeyCorp reissued a “hold” rating on shares of Energizer Holdings in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Energizer Holdings has a consensus rating of “Hold” and an average price target of $78.91.
Energizer Holdings (NYSE EPC) traded down $2.09 during trading hours on Friday, hitting $57.31. 1,924,400 shares of the stock traded hands, compared to its average volume of 862,814. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.64 and a current ratio of 2.26. The stock has a market cap of $3,265.01, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.99 and a beta of 0.91. Energizer Holdings has a 52-week low of $55.94 and a 52-week high of $82.69.
Energizer Holdings (NYSE:EPC) last posted its earnings results on Thursday, November 9th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.03). The firm had revenue of $564.90 million for the quarter, compared to analysts’ expectations of $588.28 million. Energizer Holdings had a net margin of 0.25% and a return on equity of 12.54%. Energizer Holdings’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. equities research analysts forecast that Energizer Holdings will post 3.9 EPS for the current year.
Several hedge funds have recently made changes to their positions in EPC. Creative Planning boosted its position in shares of Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock valued at $153,000 after acquiring an additional 18 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Energizer Holdings during the 2nd quarter valued at about $201,000. Virginia Retirement Systems ET AL acquired a new position in shares of Energizer Holdings during the 3rd quarter valued at about $211,000. Fox Run Management L.L.C. acquired a new position in shares of Energizer Holdings during the 3rd quarter valued at about $233,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Energizer Holdings by 6.9% during the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,100 shares of the company’s stock valued at $236,000 after acquiring an additional 200 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
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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