Energizer Holdings, Inc. (NYSE:ENR) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, October 17th. The brokerage currently has a $55.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 31.01% from the stock’s previous close.
According to Zacks, “Energizer is one of the leading names in the global batteries and lighting products business. The company’s battery business generates over 90% of the revenues. Acquisition of HandStands diversified its portfolio by including brands like Refresh Your Car!, California Scents and Eagle One. Acquisition and strong product portfolio will continue to drive top line. Energizer also has a strong shareholder returns plan in place, which is an added positive. On a year-to-date basis, the stock has outperformed the industry it belongs to. Notably, the company has positive record of earnings surprises in recent quarters.”
ENR has been the topic of a number of other reports. UBS AG restated a “neutral” rating and set a $47.00 price target (down from $49.00) on shares of Energizer Holdings in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and set a $54.00 price target (down from $62.00) on shares of Energizer Holdings in a research note on Thursday, July 6th. Royal Bank Of Canada restated an “outperform” rating and set a $60.00 price target on shares of Energizer Holdings in a research note on Wednesday, August 16th. KeyCorp upgraded shares of Energizer Holdings from a “sector weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG restated a “hold” rating and set a $49.00 price target (down from $55.00) on shares of Energizer Holdings in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.13.
Energizer Holdings (NYSE ENR) traded down $0.14 on Tuesday, hitting $41.84. 658,584 shares of the company were exchanged, compared to its average volume of 717,698. Energizer Holdings has a 1-year low of $40.98 and a 1-year high of $60.07. The company has a market cap of $2,598.79, a PE ratio of 14.09, a P/E/G ratio of 1.40 and a beta of 0.55. The company has a debt-to-equity ratio of 11.26, a quick ratio of 1.35 and a current ratio of 1.94.
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In other news, CFO Timothy W. Gorman bought 6,300 shares of the stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average cost of $42.26 per share, for a total transaction of $266,238.00. Following the purchase, the chief financial officer now directly owns 20,974 shares of the company’s stock, valued at approximately $886,361.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Timothy W. Gorman bought 5,500 shares of the stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $41.43 per share, for a total transaction of $227,865.00. Following the completion of the purchase, the chief financial officer now directly owns 14,674 shares in the company, valued at $607,943.82. The disclosure for this purchase can be found here. Insiders acquired a total of 23,912 shares of company stock worth $994,086 over the last quarter. Corporate insiders own 1.73% of the company’s stock.
Several large investors have recently modified their holdings of ENR. BlackRock Inc. increased its holdings in shares of Energizer Holdings by 12,028.5% in the 1st quarter. BlackRock Inc. now owns 5,258,322 shares of the company’s stock worth $293,151,000 after buying an additional 5,214,967 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Energizer Holdings by 425.5% in the 3rd quarter. American Century Companies Inc. now owns 641,214 shares of the company’s stock worth $29,528,000 after buying an additional 519,184 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Energizer Holdings by 213.3% in the 2nd quarter. First Trust Advisors LP now owns 577,410 shares of the company’s stock worth $27,727,000 after buying an additional 393,139 shares during the last quarter. Morgan Stanley increased its holdings in shares of Energizer Holdings by 132.1% in the 1st quarter. Morgan Stanley now owns 650,329 shares of the company’s stock worth $36,256,000 after buying an additional 370,139 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Energizer Holdings by 99.6% in the 1st quarter. Renaissance Technologies LLC now owns 536,000 shares of the company’s stock worth $29,882,000 after buying an additional 267,400 shares during the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
About Energizer Holdings
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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