Energizer Holdings, Inc. (NYSE:ENR) Stock Now Rated “Reduce” by Wall Street Analysts

Energizer Holdings, Inc. (NYSE:ENR) has received an average rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.50.

A number of research firms have weighed in on ENR. Weiss Ratings upgraded Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Canaccord Genuity Group cut their price objective on Energizer from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, October 23rd. Morgan Stanley reaffirmed a “negative” rating and set a $21.00 price target on shares of Energizer in a report on Tuesday, August 4th. UBS Group set a $22.00 price target on Energizer in a report on Thursday, October 15th. Finally, Barclays increased their price objective on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st.

Energizer Price Performance

Shares of NYSE:ENR opened at $23.80 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 16.22. Energizer has a 1-year low of $15.75 and a 1-year high of $25.83. The stock’s fifty day simple moving average is $21.94 and its two-hundred day simple moving average is $20.51. The stock has a market cap of $1.63 billion, a PE ratio of 7.93 and a beta of 0.83.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million for the quarter, compared to analyst estimates of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, analysts forecast that Energizer will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System acquired a new stake in Energizer in the third quarter valued at approximately $284,000. Illinois Municipal Retirement Fund lifted its position in Energizer by 11.9% during the third quarter. Illinois Municipal Retirement Fund now owns 33,696 shares of the company’s stock worth $721,000 after purchasing an additional 3,589 shares during the period. Keybank National Association OH lifted its position in shares of Energizer by 8.7% during the 3rd quarter. Keybank National Association OH now owns 17,242 shares of the company’s stock worth $369,000 after buying an additional 1,375 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in Energizer in the third quarter worth $1,310,000. Finally, Parallel Advisors LLC boosted its stake in shares of Energizer by 907.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,874 shares of the company’s stock worth $40,000 after purchasing an additional 1,688 shares during the period. Institutional investors own 93.74% of the company’s stock.

About Energizer

Energizer Holdings, Inc (NYSE: ENR) is a global consumer-products company focused on batteries, portable power and automotive appearance and performance products. Its battery portfolio includes the Energizer, Eveready and Rayovac brands, which offer alkaline, lithium, rechargeable and specialty batteries for household devices, electronics, toys, lighting equipment and other applications.

The company also operates an automotive care business, offering products under brands such as Armor All, STP, A/C Pro and Refresh Your Car.