Energizer Holdings Inc. (ENR) Shares Up 4.8%
Shares of Energizer Holdings Inc. (NYSE:ENR) shot up 4.8% on Friday . The company traded as high as $52.03 and last traded at $51.71, with a volume of 576,288 shares. The stock had previously closed at $49.34.
A number of research firms recently weighed in on ENR. Zacks Investment Research cut shares of Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group increased their price objective on shares of Energizer Holdings from $45.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, May 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $49.00 price objective (up previously from $41.00) on shares of Energizer Holdings in a report on Thursday, April 7th. TheStreet began coverage on shares of Energizer Holdings in a report on Thursday, July 14th. They issued a “sell” rating on the stock. Finally, Goldman Sachs Group Inc. cut shares of Energizer Holdings from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $52.00 in a report on Tuesday, July 12th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.
The company’s 50-day moving average is $50.01 and its 200-day moving average is $42.91. The company has a market cap of $3.19 billion and a PE ratio of 37.56.
Energizer Holdings (NYSE:ENR) last announced its earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.09. During the same period last year, the firm posted $1.97 EPS. The company had revenue of $334 million for the quarter, compared to the consensus estimate of $314.26 million. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts forecast that Energizer Holdings Inc. will post $2.27 earnings per share for the current year.
Other institutional investors recently made changes to their positions in the company. Comerica Bank raised its position in shares of Energizer Holdings by 1.0% in the fourth quarter. Comerica Bank now owns 43,930 shares of the company’s stock worth $1,404,000 after buying an additional 453 shares during the period. Suntrust Banks Inc. raised its position in shares of Energizer Holdings by 3.5% in the fourth quarter. Suntrust Banks Inc. now owns 98,378 shares of the company’s stock worth $3,350,000 after buying an additional 3,300 shares during the period. Principal Financial Group Inc. raised its position in shares of Energizer Holdings by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 198,845 shares of the company’s stock worth $6,772,000 after buying an additional 5,474 shares during the period. US Bancorp DE raised its position in shares of Energizer Holdings by 13.9% in the fourth quarter. US Bancorp DE now owns 50,754 shares of the company’s stock worth $1,728,000 after buying an additional 6,181 shares during the period. Finally, Freestone Capital Holdings LLC raised its position in shares of Energizer Holdings by 33.3% in the fourth quarter. Freestone Capital Holdings LLC now owns 48,568 shares of the company’s stock worth $1,654,000 after buying an additional 12,126 shares during the period.
Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands, the Company also markets its flashlights under the Hard Case, Dolphin, and Weather Ready sub-brands.
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