StockNews.com Initiates Coverage on Energizer (NYSE:ENR)

StockNews.com began coverage on shares of Energizer (NYSE:ENR – Get Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

A number of other equities research analysts have also recently commented on ENR. Morgan Stanley increased their target price on Energizer from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 16th. JPMorgan Chase & Co. increased their price objective on Energizer from $30.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Barclays increased their price objective on Energizer from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, February 7th. Canaccord Genuity Group initiated coverage on Energizer in a report on Wednesday, November 16th. They issued a “hold” rating on the stock. Finally, Canaccord Genuity Group lowered their target price on Energizer from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Tuesday, February 7th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.00.

Energizer Price Performance

Shares of ENR stock opened at $32.20 on Thursday. Energizer has a twelve month low of $24.81 and a twelve month high of $37.89. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -9.44 and a beta of 0.99. The business’s fifty day moving average is $35.83 and its 200 day moving average is $32.19. The company has a quick ratio of 1.22, a current ratio of 2.30 and a debt-to-equity ratio of 26.81.

Energizer (NYSE:ENR – Get Rating) last released its earnings results on Monday, February 6th. The company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Energizer had a positive return on equity of 65.15% and a negative net margin of 8.17%. The company had revenue of $765.10 million during the quarter, compared to analysts’ expectations of $785.95 million. During the same period in the prior year, the company posted $1.03 earnings per share. The company’s revenue was down 9.6% on a year-over-year basis. Research analysts expect that Energizer will post 3.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Energizer

A number of institutional investors and hedge funds have recently modified their holdings of ENR. Advisor Group Holdings Inc. boosted its holdings in shares of Energizer by 15.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 11,576 shares of the company’s stock worth $405,000 after purchasing an additional 1,556 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Energizer by 207.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,317 shares of the company’s stock worth $471,000 after purchasing an additional 10,327 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Energizer by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,011,203 shares of the company’s stock worth $31,104,000 after purchasing an additional 59,124 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Energizer by 11.6% in the 1st quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock worth $211,000 after purchasing an additional 716 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Energizer by 85.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,064 shares of the company’s stock worth $616,000 after acquiring an additional 9,263 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Energizer Company Profile

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Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.