Jefferies Financial Group upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a report issued on Monday, May 21st, MarketBeat.com reports. They currently have $70.00 price target on the stock, up from their previous price target of $56.47. Jefferies Financial Group also issued estimates for Energizer’s Q3 2018 earnings at $0.60 EPS, FY2019 earnings at $3.76 EPS and FY2020 earnings at $4.80 EPS.
ENR has been the subject of several other reports. Deutsche Bank lowered shares of Energizer from a buy rating to a hold rating in a research report on Monday, April 2nd. Morgan Stanley upped their price objective on shares of Energizer from $60.00 to $63.00 and gave the company an equal weight rating in a research note on Thursday, February 1st. Bank of America increased their price target on shares of Energizer from $64.00 to $67.00 and gave the stock a buy rating in a research note on Thursday, April 12th. Zacks Investment Research downgraded shares of Energizer from a buy rating to a hold rating in a research note on Friday, April 6th. Finally, Royal Bank of Canada reissued a buy rating and issued a $65.00 price target on shares of Energizer in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $62.30.
Shares of Energizer traded down $0.49, reaching $59.65, during mid-day trading on Monday, according to Marketbeat.com. 504,900 shares of the stock traded hands, compared to its average volume of 808,897. Energizer has a 1 year low of $40.64 and a 1 year high of $64.00. The firm has a market capitalization of $3.60 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. The company has a debt-to-equity ratio of 21.86, a current ratio of 1.90 and a quick ratio of 1.37.
Energizer (NYSE:ENR) last announced its earnings results on Wednesday, May 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Energizer had a net margin of 7.13% and a return on equity of 292.85%. The company had revenue of $374.40 million during the quarter, compared to analyst estimates of $374.32 million. During the same period in the previous year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. analysts expect that Energizer will post 3.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 13th. Stockholders of record on Monday, May 21st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 18th. Energizer’s payout ratio is 38.93%.
In related news, VP Susan K. Drath sold 13,904 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $63.27, for a total value of $879,706.08. Following the sale, the vice president now owns 22,367 shares in the company, valued at $1,415,160.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.79% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Ford Financial Group Inc. purchased a new stake in Energizer in the fourth quarter worth approximately $114,000. Paloma Partners Management Co boosted its holdings in Energizer by 154.0% in the fourth quarter. Paloma Partners Management Co now owns 5,057 shares of the company’s stock worth $242,000 after purchasing an additional 14,414 shares during the last quarter. Virtus Fund Advisers LLC boosted its holdings in Energizer by 23.1% in the fourth quarter. Virtus Fund Advisers LLC now owns 3,769,760 shares of the company’s stock worth $180,873,000 after purchasing an additional 707,896 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Energizer by 311.0% in the fourth quarter. Teacher Retirement System of Texas now owns 21,021 shares of the company’s stock worth $1,009,000 after purchasing an additional 15,906 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in Energizer in the fourth quarter worth approximately $736,000. Institutional investors own 99.30% of the company’s stock.
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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.
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