Energizer (NYSE:ENR) had its price target hoisted by research analysts at Morgan Stanley from $63.00 to $67.00 in a research report issued on Thursday, August 2nd. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 4.98% from the company’s previous close.
ENR has been the topic of several other research reports. Zacks Investment Research upgraded Energizer from a “sell” rating to a “hold” rating in a research report on Monday, July 23rd. TheStreet upgraded Energizer from a “c” rating to a “b-” rating in a research report on Monday, June 11th. Jefferies Financial Group upgraded Energizer from a “hold” rating to a “buy” rating and increased their target price for the stock from $56.47 to $70.00 in a research report on Monday, May 21st. Bank of America increased their target price on Energizer from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, April 12th. Finally, ValuEngine upgraded Energizer from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $68.20.
Shares of NYSE ENR opened at $63.82 on Thursday. Energizer has a 1-year low of $40.64 and a 1-year high of $65.57. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 2.43 and a beta of 0.82. The company has a debt-to-equity ratio of 20.43, a current ratio of 1.82 and a quick ratio of 1.31.
Energizer (NYSE:ENR) last announced its quarterly earnings data on Wednesday, August 1st. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $392.80 million during the quarter, compared to analyst estimates of $389.13 million. Energizer had a return on equity of 359.49% and a net margin of 6.98%. Energizer’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. analysts anticipate that Energizer will post 3.36 earnings per share for the current year.
In other Energizer news, EVP Gregory T. Kinder sold 3,810 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $65.00, for a total transaction of $247,650.00. Following the sale, the executive vice president now owns 3,811 shares in the company, valued at $247,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark Stephen Lavigne sold 12,484 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $65.08, for a total value of $812,458.72. Following the transaction, the vice president now directly owns 22,394 shares in the company, valued at $1,457,401.52. The disclosure for this sale can be found here. Insiders sold 23,794 shares of company stock worth $1,532,609 in the last quarter. 1.79% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Energizer in the first quarter worth about $118,000. Advisory Services Network LLC grew its stake in shares of Energizer by 443.8% in the second quarter. Advisory Services Network LLC now owns 1,974 shares of the company’s stock worth $128,000 after purchasing an additional 1,611 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Energizer in the second quarter worth about $129,000. Fortis Advisors LLC bought a new stake in shares of Energizer in the second quarter worth about $137,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of Energizer in the first quarter worth about $169,000. 96.34% of the stock is currently owned by hedge funds and other institutional investors.