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

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $37.88.

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

Energizer Trading Down 4.2 %

Shares of ENR stock opened at $25.96 on Friday. Energizer has a 1 year low of $25.90 and a 1 year high of $39.52. The firm has a fifty day moving average price of $30.48 and a 200-day moving average price of $33.04. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 32.86 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

Energizer (NYSE:ENR) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $726.23 million. During the same period in the previous year, the company posted $0.59 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Energizer will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were paid 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 dividend payout ratio is currently 151.90%.

Hedge Funds Weigh In On Energizer

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Energizer in the 3rd quarter worth approximately $30,000. Quarry LP bought a new position in shares of Energizer during the third quarter valued at approximately $39,000. Public Employees Retirement System of Ohio purchased a new position in Energizer during the fourth quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC raised its stake in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after buying an additional 753 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.