Analysts Set Energizer Holdings, Inc. (NYSE:ENR) PT at $34.38

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.38.

ENR has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Evercore ISI decreased their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th.

Energizer Price Performance

Energizer stock opened at $29.07 on Monday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 24.43 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The business has a 50-day simple moving average of $30.25 and a 200 day simple moving average of $29.33. Energizer has a 52 week low of $26.92 and a 52 week high of $36.72.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. During the same period in the prior year, the business earned $0.54 earnings per share. Energizer’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts forecast that Energizer will post 3.27 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. Energizer’s dividend payout ratio is currently 100.84%.

Hedge Funds Weigh In On Energizer

A number of hedge funds and other institutional investors have recently made changes to their positions in ENR. Capital Insight Partners LLC raised its stake in Energizer by 2.5% in the second quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock worth $392,000 after buying an additional 330 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Energizer by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after purchasing an additional 353 shares during the period. Great Lakes Advisors LLC boosted its position in shares of Energizer by 0.3% during the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after purchasing an additional 382 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Energizer by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock worth $993,000 after purchasing an additional 500 shares during the period. Finally, Harvest Investment Advisors LLC raised its holdings in Energizer by 1.6% in the fourth quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock worth $1,211,000 after purchasing an additional 588 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

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.