Energizer (ENR) Given New $50.00 Price Target at Morgan Stanley

Energizer (NYSE:ENR) had its target price decreased by equities researchers at Morgan Stanley from $53.00 to $50.00 in a research report issued on Thursday, November 9th. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 10.96% from the stock’s previous close.

A number of other analysts also recently issued reports on ENR. UBS reiterated a “neutral” rating and issued a $47.00 price target (down from $49.00) on shares of Energizer in a report on Wednesday, August 9th. Deutsche Bank restated a “hold” rating and issued a $49.00 target price (down from $55.00) on shares of Energizer in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group restated a “hold” rating and issued a $52.00 target price (down from $54.00) on shares of Energizer in a report on Monday, July 24th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Energizer in a report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Energizer presently has a consensus rating of “Hold” and a consensus price target of $51.88.

Shares of Energizer (NYSE ENR) opened at $45.06 on Thursday. The company has a market cap of $2,734.46, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.55. Energizer has a 1 year low of $40.64 and a 1 year high of $60.07. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21.

Energizer (NYSE:ENR) last released its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. Energizer had a net margin of 11.48% and a return on equity of 291.65%. The company had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $437.36 million. During the same quarter in the previous year, the company earned $0.54 EPS. Energizer’s revenue for the quarter was up 7.5% on a year-over-year basis. equities analysts expect that Energizer will post 3.05 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Airain ltd grew its holdings in Energizer by 107.1% during the 2nd quarter. Airain ltd now owns 30,180 shares of the company’s stock valued at $1,449,000 after purchasing an additional 15,604 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Energizer in the 3rd quarter valued at about $4,743,000. Blue Rock Advisors LLC boosted its position in Energizer by 275.0% in the 2nd quarter. Blue Rock Advisors LLC now owns 30,000 shares of the company’s stock valued at $1,440,000 after buying an additional 22,000 shares during the period. Sei Investments Co. boosted its position in Energizer by 34.8% in the 2nd quarter. Sei Investments Co. now owns 75,192 shares of the company’s stock valued at $3,610,000 after buying an additional 19,400 shares during the period. Finally, Timpani Capital Management LLC purchased a new stake in Energizer in the 2nd quarter valued at about $1,059,000. Institutional investors own 99.32% of the company’s stock.

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About Energizer

Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.

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