Energizer Holdings, Inc. (NYSE:ENR) Given Average Recommendation of "Hold" by Analysts

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $33.75.

A number of equities research analysts have commented on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. StockNews.com cut shares of Energizer from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Barclays dropped their target price on shares of Energizer from $32.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Canaccord Genuity Group cut their price objective on Energizer from $36.00 to $31.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ENR. Millennium Management LLC grew its stake in Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after acquiring an additional 496,146 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Energizer during the fourth quarter worth approximately $11,718,000. Brandywine Global Investment Management LLC acquired a new position in Energizer during the fourth quarter worth $7,685,000. Balyasny Asset Management L.P. grew its holdings in Energizer by 427.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after buying an additional 218,759 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Energizer in the 4th quarter worth $7,277,000. Institutional investors and hedge funds own 93.74% of the company's stock.

Energizer Stock Down 0.3 %

Shares of NYSE:ENR traded down $0.08 on Tuesday, reaching $26.55. The company had a trading volume of 587,406 shares, compared to its average volume of 604,693. The firm has a market capitalization of $1.92 billion, a PE ratio of 33.60 and a beta of 0.92. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. Energizer has a 52-week low of $25.42 and a 52-week high of $39.51. The firm's 50 day simple moving average is $28.66 and its 200-day simple moving average is $32.47.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.52%. Energizer's payout ratio is 151.90%.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.