Analysts Set Energizer Holdings, Inc. (NYSE:ENR) Price Target at $37.88

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has received an average recommendation of "Hold" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.88.

A number of equities analysts recently weighed in on ENR shares. Barclays lowered their target price on shares of Energizer from $36.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. UBS Group dropped their price target on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th.

Institutional Trading of Energizer

Hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock valued at $29,587,000 after buying an additional 19,836 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Energizer by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,669 shares of the company's stock valued at $1,800,000 after acquiring an additional 27,183 shares in the last quarter. Walleye Capital LLC boosted its stake in Energizer by 1,959.5% during the 3rd quarter. Walleye Capital LLC now owns 23,876 shares of the company's stock valued at $758,000 after purchasing an additional 25,160 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Energizer during the 3rd quarter worth approximately $197,000. Finally, Holocene Advisors LP raised its stake in shares of Energizer by 103.7% in the third quarter. Holocene Advisors LP now owns 68,732 shares of the company's stock worth $2,183,000 after purchasing an additional 34,998 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Trading Down 4.2 %

Shares of NYSE ENR traded down $1.15 during trading on Friday, reaching $25.96. The company had a trading volume of 884,345 shares, compared to its average volume of 597,265. The stock has a market cap of $1.87 billion, a P/E ratio of 32.86 and a beta of 0.92. The company's fifty day moving average price is $30.48 and its 200-day moving average price is $33.04. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. Energizer has a 12 month low of $25.93 and a 12 month high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, research analysts expect that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Thursday, February 20th. Energizer's payout ratio is 151.90%.

About Energizer

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.