Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Recommendation of “Hold” from Brokerages

Energizer Holdings, Inc. (NYSE:ENR – Get Rating) has earned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.00.

ENR has been the subject of a number of research reports. Canaccord Genuity Group cut their target price on shares of Energizer from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Tuesday, February 7th. Barclays boosted their target price on shares of Energizer from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Morgan Stanley boosted their target price on shares of Energizer from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, November 16th. StockNews.com initiated coverage on shares of Energizer in a report on Thursday. They issued a “hold” rating on the stock. Finally, TheStreet upgraded shares of Energizer from a “d+” rating to a “c” rating in a report on Monday, February 6th.

Energizer Trading Down 1.0 %

NYSE ENR opened at $33.13 on Thursday. The company has a market capitalization of $2.37 billion, a PE ratio of -9.72 and a beta of 0.99. The company has a fifty day moving average of $35.98 and a 200 day moving average of $32.17. Energizer has a 1 year low of $24.81 and a 1 year high of $37.89. The company has a debt-to-equity ratio of 26.81, a current ratio of 2.30 and a quick ratio of 1.22.

Energizer (NYSE:ENR – Get Rating) last posted its earnings results on Monday, February 6th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.04). Energizer had a negative net margin of 8.17% and a positive return on equity of 65.15%. The business had revenue of $765.10 million for the quarter, compared to analyst estimates of $785.95 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Research analysts forecast that Energizer will post 3.12 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Tuesday, February 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, February 17th. Energizer’s dividend payout ratio (DPR) is -35.19%.

Hedge Funds Weigh In On Energizer

Several hedge funds have recently added to or reduced their stakes in ENR. Quadrant Capital Group LLC grew its holdings in Energizer by 82.4% in the third quarter. Quadrant Capital Group LLC now owns 2,178 shares of the company’s stock valued at $55,000 after purchasing an additional 984 shares during the period. Amalgamated Bank lifted its position in shares of Energizer by 3.2% during the third quarter. Amalgamated Bank now owns 46,139 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,417 shares in the last quarter. South Dakota Investment Council lifted its position in shares of Energizer by 17.1% during the third quarter. South Dakota Investment Council now owns 61,519 shares of the company’s stock worth $1,547,000 after purchasing an additional 9,000 shares in the last quarter. EMC Capital Management raised its holdings in Energizer by 51.1% in the second quarter. EMC Capital Management now owns 5,504 shares of the company’s stock valued at $156,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Ridgewood Investments LLC increased its stake in Energizer by 6.4% during the third quarter. Ridgewood Investments LLC now owns 14,507 shares of the company’s stock valued at $365,000 after purchasing an additional 869 shares during the last quarter. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

About Energizer

(Get Rating)

Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.