Energizer (NYSE:ENR) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Energizer (NYSE:ENR) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has $46.00 price objective on the stock, down from their previous price objective of $50.00.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Energizer from a neutral rating to an underweight rating and reduced their price objective for the company from $45.00 to $36.00 in a research report on Wednesday, June 19th. TheStreet downgraded shares of Energizer from a b- rating to a c rating in a research report on Friday, June 7th. Bank of America restated an underperform rating and issued a $35.00 price objective (down previously from $40.00) on shares of Energizer in a research report on Wednesday, August 7th. Royal Bank of Canada restated a buy rating and issued a $70.00 price objective on shares of Energizer in a research report on Thursday, August 8th. Finally, Deutsche Bank upgraded shares of Energizer from a hold rating to a buy rating and raised their price objective for the company from $38.00 to $52.00 in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $53.00.

Shares of ENR opened at $36.52 on Thursday. Energizer has a fifty-two week low of $32.54 and a fifty-two week high of $65.06. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 6.76 and a beta of 0.55. The firm has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $43.45. The company has a debt-to-equity ratio of 6.12, a quick ratio of 1.40 and a current ratio of 1.88.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 6th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). Energizer had a return on equity of 60.51% and a net margin of 0.29%. The business had revenue of $647.20 million for the quarter, compared to analyst estimates of $673.50 million. During the same quarter last year, the company posted $0.54 EPS. Energizer’s quarterly revenue was up 64.8% on a year-over-year basis. Equities research analysts forecast that Energizer will post 2.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be given a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. Energizer’s payout ratio is currently 35.61%.

In related news, Director John Eddy Klein bought 840 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $35.48 per share, with a total value of $29,803.20. Following the completion of the acquisition, the director now owns 7,840 shares in the company, valued at approximately $278,163.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert V. Vitale bought 1,765 shares of the company’s stock in a transaction on Friday, May 31st. The stock was bought at an average cost of $42.31 per share, with a total value of $74,677.15. Following the completion of the acquisition, the director now owns 8,225 shares of the company’s stock, valued at approximately $347,999.75. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 41,327 shares of company stock valued at $1,482,040. 2.25% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue increased its holdings in Energizer by 3.8% in the first quarter. State of Alaska Department of Revenue now owns 7,106 shares of the company’s stock valued at $318,000 after buying an additional 260 shares in the last quarter. 6 Meridian increased its stake in shares of Energizer by 2.9% during the 2nd quarter. 6 Meridian now owns 10,515 shares of the company’s stock worth $406,000 after purchasing an additional 292 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Energizer by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,698 shares of the company’s stock worth $993,000 after purchasing an additional 363 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Energizer by 107.7% during the 1st quarter. Advisory Services Network LLC now owns 754 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares in the last quarter. Finally, Securian Asset Management Inc increased its stake in shares of Energizer by 6.4% during the 1st quarter. Securian Asset Management Inc now owns 7,687 shares of the company’s stock worth $345,000 after purchasing an additional 460 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

About Energizer

Energizer Holdings, Inc manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings was founded in 2000 and is headquartered in St. Louis, MO.

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Analyst Recommendations for Energizer (NYSE:ENR)

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