Energizer Holdings (NYSE:ENR) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $117.00 target price on the stock. Morgan Stanley’s price target would suggest a potential upside of 15.18% from the stock’s previous close.
The analysts wrote, “We are Overweight ENR as we believe there is high visibility ENR can beat consensus EPS in FY14/15 given cost savings, EPS accretion from the JNJ feminine care acquisition, and potential share repurchases, which should lead to multiple expansion.”
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “buy” rating on shares of Energizer Holdings in a research note to investors on Wednesday, November 6th. They now have a $111.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Energizer Holdings from $109.00 to $116.00 in a research note to investors on Wednesday, November 6th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Energizer Holdings from $91.00 to $99.00 in a research note to investors on Wednesday, November 6th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $110.23.
Shares of Energizer Holdings (NYSE:ENR) traded up 3.07% during mid-day trading on Monday, hitting $104.70. 226,941 shares of the company’s stock traded hands. Energizer Holdings has a one year low of $73.18 and a one year high of $108.50. The stock’s 50-day moving average is $95.22 and its 200-day moving average is $98.54. The company has a market cap of $6.520 billion and a price-to-earnings ratio of 15.70.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.32 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts predict that Energizer Holdings will post $7.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 17th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, November 18th.
In other Energizer Holdings news, VP Peter Conrad sold 2,419 shares of the stock on the open market in a transaction dated Thursday, November 7th. The stock was sold at an average price of $100.78, for a total value of $243,786.82. Following the transaction, the vice president now directly owns 2,082 shares of the company’s stock, valued at approximately $209,824. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Energizer Holdings, Inc (NYSE:ENR) is a manufacturers and marketers of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories.
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