Energizer (NYSE:ENR) Hits New 12-Month High – Should You Buy?

Energizer Holdings, Inc. (NYSE:ENR) shares reached a new 52-week high on Wednesday. The stock traded as high as $25.37 and last traded at $25.2640, with a volume of 85,486 shares changing hands. The stock had previously closed at $24.07.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENR shares. Morgan Stanley reaffirmed a “negative” rating and set a $21.00 price objective on shares of Energizer in a research report on Tuesday, August 4th. UBS Group set a $22.00 target price on shares of Energizer in a research note on Thursday, October 15th. JPMorgan Chase & Co. increased their target price on shares of Energizer from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of Energizer from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Finally, Barclays lifted their price target on shares of Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $21.50.

Energizer Stock Performance

The company’s 50-day moving average price is $21.80 and its two-hundred day moving average price is $20.45. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The stock has a market cap of $1.73 billion, a PE ratio of 21.41 and a beta of 0.83.

Energizer (NYSE:ENR) last announced its quarterly 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 firm had revenue of $734.10 million for the quarter, compared to analysts’ expectations of $720.29 million. Energizer had a net margin of 2.73% and a return on equity of 122.63%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 EPS. On average, equities research analysts forecast that Energizer Holdings, Inc. will post 3.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in shares of Energizer by 169.3% during the 3rd quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock valued at $34,000 after purchasing an additional 1,009 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Energizer during the second quarter valued at approximately $37,000. Parallel Advisors LLC increased its position in shares of Energizer by 907.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,874 shares of the company’s stock valued at $40,000 after purchasing an additional 1,688 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after buying an additional 644 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in Energizer by 385.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,918 shares of the company’s stock valued at $41,000 after buying an additional 1,523 shares during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

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.