Energizer (NYSE:ENR - Get Free Report) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $36.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 12.49% from the company's current price.
Several other brokerages have also recently issued reports on ENR. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Barclays lowered their price target on shares of Energizer from $36.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. StockNews.com lowered shares of Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, UBS Group decreased 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. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.25.
Check Out Our Latest Stock Analysis on ENR
Energizer Trading Up 0.2 %
Shares of ENR traded up $0.06 during trading on Friday, reaching $26.67. 555,580 shares of the company traded hands, compared to its average volume of 602,333. The stock has a 50-day simple moving average of $29.82 and a 200-day simple moving average of $32.92. 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 twelve month low of $25.42 and a twelve month high of $39.52. The stock has a market cap of $1.93 billion, a PE ratio of 33.76 and a beta of 0.92.
Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Energizer will post 3.58 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of Energizer by 17.5% in the 3rd quarter. HighTower Advisors LLC now owns 15,144 shares of the company's stock valued at $485,000 after acquiring an additional 2,256 shares during the period. Wellington Management Group LLP increased its stake in Energizer by 1.5% in the third quarter. Wellington Management Group LLP now owns 483,503 shares of the company's stock valued at $15,356,000 after purchasing an additional 7,164 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in shares of Energizer by 125.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company's stock valued at $861,000 after buying an additional 15,095 shares during the last quarter. Barclays PLC boosted its stake in shares of Energizer by 100.9% during the third quarter. Barclays PLC now owns 139,890 shares of the company's stock worth $4,443,000 after buying an additional 70,254 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in shares of Energizer during the third quarter worth about $30,000. Institutional investors and hedge funds own 93.74% of the company's stock.
About Energizer
(
Get Free Report)
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.
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