Energizer (ENR) Sees Unusually-High Trading Volume on Analyst Upgrade
Shares of Energizer Holdings Inc (NYSE:ENR) saw strong trading volume on Wednesday after SunTrust Banks raised their price target on the stock to $70.00. SunTrust Banks currently has a buy rating on the stock. 6,070,600 shares changed hands during mid-day trading, an increase of 322% from the previous session’s volume of 1,439,590 shares.The stock last traded at $59.11 and had previously closed at $51.62.
Other equities analysts also recently issued research reports about the company. Citigroup downgraded Energizer from a “buy” rating to a “neutral” rating and upped their target price for the company from $52.00 to $64.00 in a report on Wednesday. KeyCorp restated a “buy” rating and set a $64.00 target price (up previously from $55.00) on shares of Energizer in a report on Wednesday. Zacks Investment Research upgraded Energizer from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, January 10th. Jefferies Group restated a “hold” rating and set a $47.00 target price on shares of Energizer in a report on Wednesday, November 8th. Finally, Deutsche Bank upgraded Energizer from a “hold” rating to a “buy” rating and decreased their target price for the company from $50.00 to $49.00 in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.56.
A number of hedge funds have recently modified their holdings of ENR. Legal & General Group Plc grew its stake in Energizer by 18.5% in the second quarter. Legal & General Group Plc now owns 48,670 shares of the company’s stock worth $2,337,000 after purchasing an additional 7,598 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Energizer by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company’s stock worth $116,000 after purchasing an additional 169 shares during the period. Swiss National Bank grew its stake in Energizer by 1.5% in the second quarter. Swiss National Bank now owns 103,525 shares of the company’s stock worth $4,971,000 after purchasing an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Energizer by 149.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,460 shares of the company’s stock worth $166,000 after purchasing an additional 2,071 shares during the period. Finally, Eaton Vance Management grew its stake in Energizer by 0.9% in the second quarter. Eaton Vance Management now owns 28,326 shares of the company’s stock worth $1,360,000 after purchasing an additional 251 shares during the period.
The company has a market capitalization of $3,420.00 and a P/E ratio of 17.78. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21.
Energizer (NYSE:ENR) last released its earnings results on Wednesday, November 8th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Energizer had a return on equity of 291.65% and a net margin of 11.48%. The firm had revenue of $465.00 million for the quarter, compared to analysts’ expectations of $437.36 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. equities analysts forecast that Energizer Holdings Inc will post 3.11 EPS for the current fiscal year.
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Energizer Company Profile
Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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