Morgan Stanley Boosts Energizer (NYSE:ENR) Price Target to $56.00

Energizer (NYSE:ENR) had its price target upped by Morgan Stanley from $54.00 to $56.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have an overweight rating on the stock. The analysts noted that the move was a valuation call.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded Energizer from a hold rating to a buy rating and set a $53.00 price target on the stock in a report on Tuesday, April 20th. JPMorgan Chase & Co. raised their price target on Energizer from $51.00 to $52.00 and gave the stock a neutral rating in a research note on Friday, April 16th. The Goldman Sachs Group downgraded shares of Energizer from a buy rating to a neutral rating and reduced their price objective for the company from $53.00 to $46.00 in a research report on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Energizer from $54.00 to $56.00 and gave the stock a buy rating in a research report on Monday, May 3rd. Finally, Bank of America increased their price target on shares of Energizer from $47.00 to $51.00 and gave the stock a buy rating in a research note on Friday, January 22nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $52.80.

Shares of ENR stock opened at $47.21 on Tuesday. The company has a market capitalization of $3.23 billion, a P/E ratio of -29.88, a PEG ratio of 0.90 and a beta of 1.17. Energizer has a fifty-two week low of $38.50 and a fifty-two week high of $53.19. The company has a debt-to-equity ratio of 10.70, a quick ratio of 1.03 and a current ratio of 1.34. The stock has a 50 day moving average price of $49.14 and a two-hundred day moving average price of $45.53.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Monday, May 10th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.18. The company had revenue of $685.10 million during the quarter, compared to analyst estimates of $618.41 million. Energizer had a negative net margin of 3.40% and a positive return on equity of 42.70%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. As a group, equities analysts predict that Energizer will post 3.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Monday, May 24th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. Energizer’s payout ratio is presently 51.95%.

In other Energizer news, Director Robert V. Vitale purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The stock was purchased at an average price of $42.11 per share, for a total transaction of $105,275.00. Following the completion of the purchase, the director now directly owns 17,725 shares of the company’s stock, valued at $746,399.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark Stephen Lavigne purchased 3,000 shares of the stock in a transaction dated Wednesday, March 3rd. The shares were acquired at an average cost of $41.98 per share, for a total transaction of $125,940.00. Following the completion of the acquisition, the chief executive officer now owns 137,082 shares of the company’s stock, valued at $5,754,702.36. The disclosure for this purchase can be found here. Insiders own 1.41% of the company’s stock.

A number of large investors have recently modified their holdings of ENR. Public Employees Retirement System of Ohio boosted its holdings in shares of Energizer by 19.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 32,103 shares of the company’s stock valued at $1,354,000 after acquiring an additional 5,158 shares during the last quarter. Strs Ohio boosted its holdings in Energizer by 21.1% in the first quarter. Strs Ohio now owns 32,209 shares of the company’s stock worth $1,528,000 after purchasing an additional 5,622 shares during the last quarter. NEXT Financial Group Inc bought a new stake in Energizer in the 1st quarter worth approximately $345,000. Voloridge Investment Management LLC purchased a new stake in Energizer during the 4th quarter valued at $3,555,000. Finally, Eudaimonia Partners LLC bought a new position in shares of Energizer during the 4th quarter valued at $30,000. 86.35% of the stock is owned by institutional investors and hedge funds.

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.

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Analyst Recommendations for Energizer (NYSE:ENR)

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