Energizer Holdings, Inc. (NYSE:ENR) Receives $35.00 Average Target Price from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been assigned an average rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $35.00.

A number of analysts recently weighed in on ENR shares. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Barclays reduced their price target on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Energizer by 12.5% during the third quarter. Principal Financial Group Inc. now owns 895,249 shares of the company’s stock worth $28,683,000 after purchasing an additional 99,353 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Energizer by 13.8% during the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Energizer by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 807,552 shares of the company’s stock worth $25,874,000 after purchasing an additional 18,053 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Energizer during the third quarter worth approximately $731,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Energizer by 230.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,215 shares of the company’s stock worth $1,749,000 after purchasing an additional 38,520 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Performance

NYSE ENR opened at $28.41 on Friday. The stock has a market cap of $2.04 billion, a P/E ratio of 22.02 and a beta of 1.06. The company’s 50-day simple moving average is $28.68 and its 200 day simple moving average is $30.67. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $716.60 million for the quarter, compared to analysts’ expectations of $710.73 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were given a $0.30 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.22%. Energizer’s dividend payout ratio (DPR) is presently 93.02%.

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.