Energizer Holdings, Inc. (NYSE:ENR) Receives $37.88 Consensus PT from Analysts

Energizer Holdings, Inc. (NYSE:ENR) has received a consensus rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Six equities research 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 brokerages that have covered the stock in the last year is $37.88.

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

Institutional Trading of Energizer

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after buying an additional 356 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Energizer during the third quarter worth about $30,000. Quarry LP bought a new position in Energizer during the third quarter valued at about $39,000. Public Employees Retirement System of Ohio acquired a new position in Energizer in the 4th quarter valued at approximately $43,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Price Performance

ENR opened at $28.41 on Friday. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. Energizer has a 1 year low of $26.92 and a 1 year high of $39.52. The stock has a fifty day moving average price of $30.93 and a 200 day moving average price of $33.12. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 35.97 and a beta of 0.92.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. Analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.22%. The ex-dividend date was Thursday, February 20th. Energizer’s payout ratio is currently 151.90%.

About Energizer

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.