Energizer (NYSE:ENR) Price Target Raised to $31.00

Energizer (NYSE:ENR - Get Free Report) had its price target hoisted by research analysts at UBS Group from $30.00 to $31.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target would indicate a potential upside of 5.84% from the stock's previous close.

Several other equities research analysts have also recently issued reports on ENR. Morgan Stanley upgraded shares of Energizer from an "underweight" rating to an "equal weight" rating and set a $33.00 target price on the stock in a report on Wednesday. StockNews.com cut Energizer from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. Finally, Barclays dropped their price objective on shares of Energizer from $36.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Energizer presently has a consensus rating of "Hold" and a consensus price target of $32.71.

Energizer Stock Up 1.1 %

Shares of Energizer stock traded up $0.32 on Wednesday, reaching $29.29. The company's stock had a trading volume of 498,181 shares, compared to its average volume of 502,746. Energizer has a 52 week low of $26.92 and a 52 week high of $37.32. The firm's fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $30.51. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 22.71 and a beta of 1.04.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $663.30 million for the quarter, compared to analysts' expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. Energizer's revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Equities analysts anticipate that Energizer will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENR. Raymond James Financial Services Advisors Inc. raised its holdings in Energizer by 2.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company's stock valued at $535,000 after acquiring an additional 324 shares during the period. Yousif Capital Management LLC lifted its holdings in Energizer by 1.1% in the 3rd quarter. Yousif Capital Management LLC now owns 32,980 shares of the company's stock worth $1,057,000 after purchasing an additional 353 shares in the last quarter. Signaturefd LLC boosted its stake in Energizer by 35.3% in the 3rd quarter. Signaturefd LLC now owns 1,384 shares of the company's stock worth $44,000 after purchasing an additional 361 shares during the period. SkyView Investment Advisors LLC grew its holdings in Energizer by 3.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 13,413 shares of the company's stock valued at $430,000 after buying an additional 409 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its holdings in shares of Energizer by 1.5% in the fourth quarter. CENTRAL TRUST Co now owns 32,278 shares of the company's stock worth $1,023,000 after buying an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company's stock.

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.