Energizer Holdings Inc. (ENR) Sees Strong Trading Volume
Energizer Holdings Inc. (NYSE:ENR) shares saw unusually-high trading volume on Tuesday . Approximately 477,704 shares were traded during trading, a decline of 19% from the previous session’s volume of 587,292 shares.The stock last traded at $52.13 and had previously closed at $52.35.
ENR has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised shares of Energizer Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $49.00 in a report on Monday, April 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $49.00 target price (up previously from $41.00) on shares of Energizer Holdings in a report on Thursday, April 7th. Jefferies Group reaffirmed a “hold” rating and set a $45.00 target price (up previously from $42.00) on shares of Energizer Holdings in a report on Friday, May 6th. Finally, Zacks Investment Research lowered shares of Energizer Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.86.
The stock has a market cap of $3.01 billion and a P/E ratio of 35.456. The firm has a 50-day moving average price of $48.48 and a 200 day moving average price of $41.16.
Energizer Holdings (NYSE:ENR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.09. During the same period last year, the company posted $1.97 EPS. The firm had revenue of $334 million for the quarter, compared to the consensus estimate of $314.26 million. The business’s revenue was down 6.4% on a year-over-year basis. Equities analysts anticipate that Energizer Holdings Inc. will post $2.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Tuesday, May 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, May 26th.
Other institutional investors recently modified their holdings of the company. DIAM Co. Ltd. increased its position in shares of Energizer Holdings by 15.2% in the fourth quarter. DIAM Co. Ltd. now owns 42,300 shares of the company’s stock valued at $1,500,000 after buying an additional 5,583 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Energizer Holdings by 14.5% in the fourth quarter. Neuberger Berman Group LLC now owns 528,237 shares of the company’s stock valued at $17,992,000 after buying an additional 66,969 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Energizer Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 118,955 shares of the company’s stock valued at $4,052,000 after buying an additional 1,851 shares during the last quarter. Sei Investments Co. increased its position in shares of Energizer Holdings by 135.4% in the fourth quarter. Sei Investments Co. now owns 138,227 shares of the company’s stock valued at $4,708,000 after buying an additional 79,515 shares during the last quarter. Finally, Comerica Bank increased 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 valued at $1,404,000 after buying an additional 453 shares during the last quarter.
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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