Energizer (ENR) Raised to “Buy” at Citigroup

Citigroup upgraded shares of Energizer (NYSE:ENR) from a neutral rating to a buy rating in a research report released on Tuesday, 24/7 WallStreet reports. Citigroup currently has $54.00 price target on the stock, up from their prior price target of $50.00.

ENR has been the subject of a number of other reports. ValuEngine cut Energizer from a hold rating to a sell rating in a research report on Tuesday, January 22nd. Evercore ISI started coverage on Energizer in a report on Tuesday, February 12th. They issued an outperform rating and a $55.00 price target for the company. Zacks Investment Research cut Energizer from a hold rating to a sell rating in a report on Tuesday, April 9th. Jefferies Financial Group reissued a buy rating and issued a $64.00 price target on shares of Energizer in a report on Tuesday, January 15th. Finally, JPMorgan Chase & Co. started coverage on Energizer in a report on Friday, March 22nd. They issued a neutral rating and a $49.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $58.75.

Energizer stock traded down $0.01 during mid-day trading on Tuesday, reaching $47.02. 266,634 shares of the company were exchanged, compared to its average volume of 745,363. Energizer has a twelve month low of $41.88 and a twelve month high of $65.57. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 5.51. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 5.58 and a beta of 0.50.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Energizer had a return on equity of 102.03% and a net margin of 1.15%. The company had revenue of $556.40 million for the quarter, compared to analyst estimates of $565.61 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue was up 48.6% compared to the same quarter last year. Equities analysts predict that Energizer will post 2.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.20 annualized dividend and a yield of 2.55%. Energizer’s dividend payout ratio is presently 35.61%.

A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC raised its holdings in Energizer by 6.6% during the first quarter. MetLife Investment Advisors LLC now owns 38,759 shares of the company’s stock worth $1,741,000 after purchasing an additional 2,413 shares during the last quarter. Metropolitan Life Insurance Co NY raised its holdings in Energizer by 6.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 20,013 shares of the company’s stock worth $899,000 after purchasing an additional 1,189 shares during the last quarter. FMR LLC raised its holdings in Energizer by 36.0% during the first quarter. FMR LLC now owns 3,062,185 shares of the company’s stock worth $137,584,000 after purchasing an additional 810,576 shares during the last quarter. Jane Street Group LLC raised its holdings in Energizer by 1,522.7% during the first quarter. Jane Street Group LLC now owns 133,178 shares of the company’s stock worth $5,984,000 after purchasing an additional 124,971 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Energizer during the first quarter worth $3,976,000. 80.94% of the stock is owned by hedge funds and other institutional investors.

Energizer Company Profile

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Analyst Recommendations for Energizer (NYSE:ENR)

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