Energizer (NYSE:ENR) Rating Increased to Buy at Deutsche Bank

Deutsche Bank upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research report released on Wednesday, June 26th, Benzinga reports. The firm currently has $52.00 target price on the stock, up from their prior target price of $38.00.

Several other equities analysts also recently weighed in on ENR. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 280 ($3.66) target price on shares of in a research report on Wednesday, June 19th. Barclays restated a buy rating and issued a $7.00 target price on shares of BRF in a research report on Sunday, March 3rd. Goldman Sachs Group raised Energizer from a neutral rating to a buy rating and increased their price target for the company from $48.00 to $60.00 in a report on Sunday, March 31st. Citigroup raised China Petroleum & Chemical from a neutral rating to a buy rating in a report on Tuesday, May 14th. Finally, TheStreet cut Zimmer Biomet from a b- rating to a c rating in a research note on Friday, June 7th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $55.46.

NYSE:ENR traded up $0.23 during mid-day trading on Wednesday, hitting $40.24. 634,270 shares of the company’s stock traded hands, compared to its average volume of 866,747. The stock has a fifty day moving average of $40.71. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 5.51. The company has a market cap of $2.78 billion, a P/E ratio of 11.94, a P/E/G ratio of 4.02 and a beta of 0.54. Energizer has a twelve month low of $37.39 and a twelve month high of $65.57.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $556.40 million during the quarter, compared to analyst estimates of $565.61 million. Energizer had a net margin of 1.15% and a return on equity of 102.03%. The firm’s revenue for the quarter was up 48.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Analysts expect that Energizer will post 2.92 earnings per share for the current year.

In other Energizer news, Director Robert V. Vitale bought 1,765 shares of the company’s stock in a transaction on Friday, May 31st. The shares were bought at an average price of $42.31 per share, for a total transaction of $74,677.15. Following the transaction, the director now owns 8,225 shares of the company’s stock, valued at approximately $347,999.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.25% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in shares of Energizer by 3.8% during the first quarter. State of Alaska Department of Revenue now owns 7,106 shares of the company’s stock valued at $318,000 after acquiring an additional 260 shares in the last quarter. 6 Meridian lifted its position in shares of Energizer by 2.9% during the second quarter. 6 Meridian now owns 10,515 shares of the company’s stock worth $406,000 after purchasing an additional 292 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Energizer by 1.4% during the second 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 during the last quarter. Advisory Services Network LLC lifted its position in shares of Energizer by 107.7% during the first quarter. Advisory Services Network LLC now owns 754 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares during the last quarter. Finally, Securian Asset Management Inc lifted its position in shares of Energizer by 6.4% during the first quarter. Securian Asset Management Inc now owns 7,687 shares of the company’s stock worth $345,000 after purchasing an additional 460 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Energizer Company Profile

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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