Energizer (NYSE:ENR) had its price target reduced by Citigroup from $65.00 to $56.00 in a research report issued on Monday. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 20.40% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $80.00 price target on shares of Energizer in a research report on Monday, October 22nd. Deutsche Bank increased their price target on Energizer from $64.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. ValuEngine downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Morgan Stanley increased their price target on Energizer from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised Energizer from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $65.30.

Shares of Energizer stock opened at $46.51 on Monday. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.59 and a beta of 0.71. The company has a debt-to-equity ratio of 39.84, a quick ratio of 1.13 and a current ratio of 1.56. Energizer has a 52 week low of $44.15 and a 52 week high of $65.57.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Thursday, November 15th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The company had revenue of $457.20 million for the quarter, compared to the consensus estimate of $459.64 million. Energizer had a return on equity of 549.70% and a net margin of 5.20%. Energizer’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, equities analysts expect that Energizer will post 3.43 EPS for the current fiscal year.

In related news, Director Robert V. Vitale acquired 4,160 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of $47.89 per share, for a total transaction of $199,222.40. Following the purchase, the director now directly owns 6,460 shares of the company’s stock, valued at approximately $309,369.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bill G. Armstrong sold 1,000 shares of the company’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $58.81, for a total value of $58,810.00. Following the sale, the director now owns 24,387 shares of the company’s stock, valued at $1,434,199.47. The disclosure for this sale can be found here. Insiders have sold a total of 3,000 shares of company stock worth $180,570 in the last three months. Corporate insiders own 1.79% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its stake in shares of Energizer by 18.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,742 shares of the company’s stock worth $362,000 after purchasing an additional 894 shares during the last quarter. MainStreet Investment Advisors LLC lifted its stake in shares of Energizer by 15.3% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 7,151 shares of the company’s stock worth $450,000 after purchasing an additional 950 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Energizer by 5.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,047 shares of the company’s stock worth $1,199,000 after purchasing an additional 996 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Energizer by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 42,440 shares of the company’s stock worth $2,489,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Energizer by 28.1% during the 3rd quarter. Hsbc Holdings PLC now owns 5,245 shares of the company’s stock worth $308,000 after purchasing an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 93.05% of the company’s stock.

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid products.

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Analyst Recommendations for Energizer (NYSE:ENR)

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