JPMorgan Chase & Co. Cuts Energizer (NYSE:ENR) Price Target to $30.00

Energizer (NYSE:ENR - Get Free Report) had its price objective decreased by JPMorgan Chase & Co. from $36.00 to $30.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 14.50% from the stock's current price.

Other analysts have also recently issued research reports about the stock. 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. Barclays decreased their target price on Energizer from $36.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, UBS Group decreased their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $36.25.

Energizer Price Performance

ENR stock traded down $0.49 during trading on Friday, reaching $26.20. The company's stock had a trading volume of 208,446 shares, compared to its average volume of 601,684. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company's fifty day moving average is $29.71 and its 200-day moving average is $32.88. The company has a market capitalization of $1.89 billion, a P/E ratio of 33.16 and a beta of 0.92. Energizer has a 1 year low of $25.42 and a 1 year high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last issued 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. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same quarter last year, the company earned $0.59 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Institutional Trading of Energizer

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new position in Energizer in the third quarter worth approximately $30,000. CX Institutional purchased a new position in Energizer during the 1st quarter worth $33,000. Public Employees Retirement System of Ohio purchased a new position in Energizer during the 4th quarter worth $43,000. Finally, Curat Global LLC purchased a new stake in shares of Energizer in the 1st quarter worth $53,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

About Energizer

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.