Energizer Holdings Inc (NYSE:ENR) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $68.67.
ENR has been the topic of a number of recent analyst reports. Deutsche Bank raised their target price on shares of Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research note on Thursday. Citigroup raised their target price on shares of Energizer from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Jefferies Financial Group upgraded shares of Energizer to a “buy” rating and set a $80.00 target price on the stock in a research note on Thursday, July 19th. TheStreet upgraded shares of Energizer from a “c” rating to a “b-” rating in a research note on Monday, June 11th. Finally, Zacks Investment Research upgraded shares of Energizer from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd.
In other Energizer news, EVP Gregory T. Kinder sold 3,810 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $65.00, for a total transaction of $247,650.00. Following the completion of the sale, the executive vice president now directly owns 3,811 shares of the company’s stock, valued at approximately $247,715. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark Stephen Lavigne sold 12,484 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $65.08, for a total transaction of $812,458.72. Following the sale, the vice president now directly owns 22,394 shares of the company’s stock, valued at $1,457,401.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,794 shares of company stock valued at $1,532,609. Insiders own 1.79% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Energizer by 0.3% during the 2nd quarter. BlackRock Inc. now owns 5,329,302 shares of the company’s stock valued at $335,535,000 after buying an additional 15,326 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Energizer by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 4,070,157 shares of the company’s stock valued at $242,501,000 after purchasing an additional 412,293 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Energizer in the first quarter valued at $181,490,000. Franklin Resources Inc. grew its holdings in shares of Energizer by 3.0% in the first quarter. Franklin Resources Inc. now owns 2,485,115 shares of the company’s stock valued at $148,064,000 after purchasing an additional 72,264 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Energizer by 142.1% in the second quarter. FMR LLC now owns 1,966,141 shares of the company’s stock valued at $123,788,000 after purchasing an additional 1,153,941 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.
NYSE ENR traded up $0.35 on Tuesday, reaching $64.33. 449,497 shares of the stock were exchanged, compared to its average volume of 751,697. Energizer has a one year low of $40.64 and a one year high of $65.57. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.40 and a beta of 0.82. The company has a current ratio of 1.82, a quick ratio of 1.31 and a debt-to-equity ratio of 20.43.
Energizer (NYSE:ENR) last released its earnings results on Wednesday, August 1st. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Energizer had a net margin of 6.98% and a return on equity of 359.49%. The company had revenue of $392.80 million for the quarter, compared to analysts’ expectations of $389.13 million. During the same quarter last year, the business earned $0.43 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. sell-side analysts forecast that Energizer will post 3.36 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Thursday, August 16th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, August 15th. Energizer’s dividend payout ratio (DPR) is currently 38.93%.