Energizer (NYSE:ENR) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Monday, June 11th.
Several other analysts have also issued reports on ENR. Jefferies Financial Group reaffirmed a “hold” rating and issued a $62.00 target price on shares of Energizer in a research note on Thursday, March 29th. Deutsche Bank lowered Energizer from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered Energizer from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Bank of America increased their price objective on Energizer from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, April 12th. Finally, ValuEngine raised Energizer from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Energizer has an average rating of “Hold” and a consensus target price of $62.30.
Shares of ENR opened at $61.63 on Monday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.10 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 1.90 and a debt-to-equity ratio of 21.86. Energizer has a 1 year low of $40.64 and a 1 year high of $64.00.
Energizer (NYSE:ENR) last issued its earnings results on Wednesday, May 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The business had revenue of $374.40 million during the quarter, compared to analyst estimates of $374.32 million. Energizer had a return on equity of 292.85% and a net margin of 7.13%. Energizer’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. sell-side analysts anticipate that Energizer will post 3.37 earnings per share for the current fiscal year.
In related news, VP Susan K. Drath sold 13,904 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $63.27, for a total value of $879,706.08. Following the completion of the sale, the vice president now owns 22,367 shares of the company’s stock, valued at $1,415,160.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.79% of the company’s stock.
A number of hedge funds have recently made changes to their positions in ENR. FDx Advisors Inc. raised its holdings in Energizer by 6.2% in the fourth quarter. FDx Advisors Inc. now owns 17,061 shares of the company’s stock worth $819,000 after purchasing an additional 995 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Energizer by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 17,574 shares of the company’s stock worth $843,000 after purchasing an additional 1,067 shares in the last quarter. Greenleaf Trust raised its holdings in Energizer by 15.1% in the fourth quarter. Greenleaf Trust now owns 8,192 shares of the company’s stock worth $393,000 after purchasing an additional 1,076 shares in the last quarter. Brinker Capital Inc. raised its holdings in Energizer by 4.3% in the first quarter. Brinker Capital Inc. now owns 29,192 shares of the company’s stock worth $1,739,000 after purchasing an additional 1,207 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Energizer by 51.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,643 shares of the company’s stock worth $175,000 after purchasing an additional 1,231 shares in the last quarter. 99.28% of the stock is owned by institutional investors.