Energizer (NYSE:ENR) Sets New 52-Week High – Time to Buy?

Energizer Holdings, Inc. (NYSE:ENR)’s share price hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $25.37 and last traded at $25.2640, with a volume of 85,486 shares trading hands. The stock had previously closed at $24.07.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ENR shares. Morgan Stanley reissued a “negative” rating and issued a $21.00 price target on shares of Energizer in a report on Tuesday, August 4th. UBS Group set a $22.00 price objective on shares of Energizer in a report on Thursday, October 15th. Canaccord Genuity Group lowered their price objective on shares of Energizer from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings raised shares of Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Energizer currently has an average rating of “Reduce” and a consensus price target of $21.50.

Energizer Trading Down 2.8%

The firm has a fifty day moving average of $21.91 and a two-hundred day moving average of $20.49. The company has a market cap of $1.68 billion, a PE ratio of 20.74 and a beta of 0.83. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million for the quarter, compared to analysts’ expectations of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. Energizer’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. As a group, sell-side analysts predict that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Institutional Trading of Energizer

A number of institutional investors have recently modified their holdings of the business. Maryland State Retirement & Pension System bought a new position in Energizer in the 3rd quarter valued at $284,000. Illinois Municipal Retirement Fund grew its position in shares of Energizer by 11.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 33,696 shares of the company’s stock valued at $721,000 after purchasing an additional 3,589 shares in the last quarter. Keybank National Association OH grew its position in shares of Energizer by 8.7% during the 3rd quarter. Keybank National Association OH now owns 17,242 shares of the company’s stock valued at $369,000 after purchasing an additional 1,375 shares in the last quarter. Penn Capital Management Company LLC bought a new position in shares of Energizer in the third quarter worth $1,310,000. Finally, Parallel Advisors LLC increased its holdings in shares of Energizer by 907.5% in the third quarter. Parallel Advisors LLC now owns 1,874 shares of the company’s stock worth $40,000 after purchasing an additional 1,688 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

About Energizer

Energizer Holdings, Inc (NYSE: ENR) is a global consumer-products company focused on batteries, portable power and automotive appearance and performance products. Its battery portfolio includes the Energizer, Eveready and Rayovac brands, which offer alkaline, lithium, rechargeable and specialty batteries for household devices, electronics, toys, lighting equipment and other applications.

The company also operates an automotive care business, offering products under brands such as Armor All, STP, A/C Pro and Refresh Your Car.