Energizer (NYSE:ENR) Sets New 1-Year High - Here's What Happened

Key Points

• Energizer shares reached a new 52-week high of $25.37, up 5.2% from the previous close of $24.07.
• Analyst sentiment remains cautious: the consensus rating is “Reduce,” with a $21.50 average price target, below the current share price.
• In its latest reported quarter, Energizer’s EPS of $0.75 missed the $0.83 estimate, while revenue of $734.1 million topped expectations and rose 1.2% year over year.

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report)'s stock price hit a new 52-week high on Wednesday. The company traded as high as $25.37 and last traded at $25.2640, with a volume of 85,486 shares traded. The stock had previously closed at $24.07.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Energizer from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. UBS Group set a $22.00 price objective on shares of Energizer in a report on Thursday, October 15th. Barclays boosted their target price on shares of Energizer from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Canaccord Genuity Group lowered their target price on shares of Energizer from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, October 23rd. Finally, Morgan Stanley reaffirmed a "negative" rating and issued a $21.00 price target on shares of Energizer in a research report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Energizer currently has an average rating of "Reduce" and a consensus target price of $21.50.

Energizer Trading Up 5.2%

The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 16.22. The firm has a 50 day moving average of $21.80 and a 200 day moving average of $20.45. The firm has a market cap of $1.73 billion, a PE ratio of 21.41 and a beta of 0.83.

Energizer (NYSE:ENR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.08). The business had revenue of $734.10 million during the quarter, compared to analysts' expectations of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%. Energizer's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 EPS. Equities analysts anticipate that Energizer Holdings, Inc. will post 3.31 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Energizer in the 2nd quarter worth approximately $201,796,000. Gamco Investors INC. ET AL increased its position in Energizer by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 2,060,431 shares of the company's stock valued at $33,832,000 after buying an additional 16,637 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Energizer during the 2nd quarter valued at approximately $22,040,000. Wellington Management Group LLP increased its holdings in shares of Energizer by 14.0% during the second quarter. Wellington Management Group LLP now owns 987,730 shares of the company's stock valued at $21,177,000 after acquiring an additional 121,676 shares in the last quarter. Finally, MAC Alpha Capital Management LP raised its holdings in Energizer by 17.8% in the second quarter. MAC Alpha Capital Management LP now owns 644,967 shares of the company's stock worth $13,829,000 after buying an additional 97,259 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

About Energizer

Energizer Holdings, Inc NYSE: ENR is a global consumer-products company focused on batteries, portable power and automotive appearance and performance products. Its battery portfolio includes the Energizer, Eveready and Rayovac brands, which offer alkaline, lithium, rechargeable and specialty batteries for household devices, electronics, toys, lighting equipment and other applications.

The company also operates an automotive care business, offering products under brands such as Armor All, STP, A/C Pro and Refresh Your Car.

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