Energizer Holdings, Inc. (NYSE:ENR) Stock Has Consensus Price Target of $21.50

Energizer Holdings, Inc. (NYSE:ENR) has earned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.50.

A number of research analysts have issued reports on ENR shares. Morgan Stanley restated a “negative” rating and issued a $21.00 target price on shares of Energizer in a report on Tuesday, August 4th. Canaccord Genuity Group reduced their price objective on shares of Energizer from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. UBS Group set a $22.00 target price on Energizer in a research note on Thursday, October 15th. JPMorgan Chase & Co. lifted their price target on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Barclays increased their price target on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st.

Hedge Funds Weigh In On Energizer

Several hedge funds and other institutional investors have recently made changes to their positions in ENR. Keybank National Association OH grew its stake in shares of Energizer by 8.7% in the third quarter. Keybank National Association OH now owns 17,242 shares of the company’s stock valued at $369,000 after buying an additional 1,375 shares in the last quarter. Penn Capital Management Company LLC bought a new stake in shares of Energizer in the third quarter worth $1,310,000. Parallel Advisors LLC increased its stake in shares of Energizer by 907.5% in the third quarter. Parallel Advisors LLC now owns 1,874 shares of the company’s stock worth $40,000 after buying an additional 1,688 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Energizer by 4.3% in the third quarter. Kestra Private Wealth Services LLC now owns 12,058 shares of the company’s stock valued at $258,000 after acquiring an additional 499 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Energizer by 7.9% during the 3rd quarter. North Star Investment Management Corp. now owns 157,050 shares of the company’s stock valued at $3,359,000 after acquiring an additional 11,500 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Trading Up 4.6%

Shares of ENR opened at $25.18 on Friday. The company has a debt-to-equity ratio of 16.22, a current ratio of 2.07 and a quick ratio of 1.10. Energizer has a 1-year low of $15.75 and a 1-year high of $25.83. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 7.89 and a beta of 0.83. The firm has a 50 day simple moving average of $21.86 and a 200-day simple moving average of $20.47.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The company had revenue of $734.10 million during the quarter, compared to analysts’ expectations of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. Energizer’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 EPS. Equities analysts forecast that Energizer will post 3.31 EPS for the current fiscal year.

Energizer Company Profile

Energizer Holdings, Inc (NYSE: ENR) is a global consumer-products company focused on batteries, portable power and automotive appearance and performance products. Its battery portfolio includes the Energizer, Eveready and Rayovac brands, which offer alkaline, lithium, rechargeable and specialty batteries for household devices, electronics, toys, lighting equipment and other applications.

The company also operates an automotive care business, offering products under brands such as Armor All, STP, A/C Pro and Refresh Your Car.