UBS Group Increases Energizer (NYSE:ENR) Price Target to $31.00

Energizer (NYSE:ENR) had its price target increased by equities research analysts at UBS Group from $30.00 to $31.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 6.71% from the stock’s previous close.

A number of other research firms also recently weighed in on ENR. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Barclays decreased their target price on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Morgan Stanley raised Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price target on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Energizer has an average rating of “Hold” and a consensus target price of $32.83.

Energizer Stock Up 0.3 %

Shares of Energizer stock traded up $0.08 during midday trading on Wednesday, hitting $29.05. The company’s stock had a trading volume of 47,365 shares, compared to its average volume of 497,520. Energizer has a 1-year low of $26.92 and a 1-year high of $37.32. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The firm has a market capitalization of $2.09 billion, a P/E ratio of 22.79 and a beta of 1.04. The stock has a 50-day simple moving average of $28.41 and a 200-day simple moving average of $30.51.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. During the same quarter in the prior year, the company earned $0.64 EPS. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Energizer will post 3.21 earnings per share for the current year.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. Illinois Municipal Retirement Fund acquired a new position in Energizer during the 4th quarter worth approximately $1,234,000. Principal Financial Group Inc. raised its holdings in Energizer by 12.5% during the third quarter. Principal Financial Group Inc. now owns 895,249 shares of the company’s stock worth $28,683,000 after acquiring an additional 99,353 shares in the last quarter. Vanguard Group Inc. grew its stake in Energizer by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock valued at $297,930,000 after purchasing an additional 1,126,158 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Energizer by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 807,552 shares of the company’s stock worth $25,874,000 after purchasing an additional 18,053 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Energizer during the 3rd quarter worth approximately $731,000. Institutional investors own 93.74% of the company’s stock.

About Energizer

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.