Energizer Holdings, Inc. (EPC) Price Target Cut to $65.00 by Analysts at Bank of America Corporation

Energizer Holdings, Inc. (NYSE:EPC) had its price objective decreased by equities research analysts at Bank of America Corporation from $77.00 to $65.00 in a research note issued on Friday, November 10th. The firm presently has a “neutral” rating on the stock. Bank of America Corporation’s target price suggests a potential upside of 14.04% from the stock’s current price.

EPC has been the subject of several other research reports. Zacks Investment Research lowered Energizer Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and set a $78.00 price objective on shares of Energizer Holdings in a report on Thursday, October 19th. BidaskClub upgraded Energizer Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 price objective (down previously from $77.00) on shares of Energizer Holdings in a report on Saturday, July 22nd. Finally, Barclays PLC lowered Energizer Holdings from an “equal weight” rating to an “underweight” rating and set a $55.00 price objective for the company. in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $76.27.

Energizer Holdings (NYSE EPC) traded down $0.79 during trading on Friday, reaching $57.00. The company’s stock had a trading volume of 1,015,900 shares, compared to its average volume of 554,354. Energizer Holdings has a one year low of $55.94 and a one year high of $82.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.63 and a current ratio of 2.26. The stock has a market capitalization of $3,237.25, a price-to-earnings ratio of 14.52, a P/E/G ratio of 3.17 and a beta of 0.91.

Energizer Holdings (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.03). Energizer Holdings had a net margin of 0.25% and a return on equity of 12.54%. The business had revenue of $564.90 million for the quarter, compared to analysts’ expectations of $588.28 million. During the same quarter in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. research analysts anticipate that Energizer Holdings will post 3.85 earnings per share for the current year.

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In other news, Director Daniel J. Heinrich bought 1,500 shares of Energizer Holdings stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the purchase, the director now directly owns 3,530 shares of the company’s stock, valued at approximately $201,492.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in EPC. Creative Planning grew its position in Energizer Holdings by 0.9% during the 2nd quarter. Creative Planning now owns 2,007 shares of the company’s stock worth $153,000 after purchasing an additional 18 shares during the period. Parametrica Management Ltd acquired a new stake in Energizer Holdings during the 2nd quarter worth about $201,000. Magnetar Financial LLC acquired a new stake in Energizer Holdings during the 3rd quarter worth about $208,000. Virginia Retirement Systems ET AL acquired a new stake in Energizer Holdings during the 3rd quarter worth about $211,000. Finally, Fox Run Management L.L.C. acquired a new stake in Energizer Holdings during the 3rd quarter worth about $233,000. 90.71% of the stock is currently owned by institutional investors.

Energizer Holdings Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.

Analyst Recommendations for Energizer Holdings (NYSE:EPC)

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