Energizer (NYSE:ENR) Upgraded to Equal Weight by Morgan Stanley

Energizer (NYSE:ENR) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research note issued on Wednesday, Marketbeat.com reports. The firm presently has a $33.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 10.85% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Barclays cut their target price on Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.57.

Energizer Price Performance

ENR stock opened at $29.77 on Wednesday. The company has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $30.50. Energizer has a 52 week low of $26.92 and a 52 week high of $37.32. 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 firm has a market capitalization of $2.14 billion, a P/E ratio of 23.08 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The firm had revenue of $663.30 million during the quarter, compared to the consensus estimate of $664.10 million. During the same quarter last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts anticipate that Energizer will post 3.21 earnings per share for the current fiscal year.

Institutional Trading of Energizer

Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp bought a new stake in Energizer during the 3rd quarter valued at about $32,000. Signaturefd LLC increased its position in shares of Energizer by 35.3% during the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock worth $44,000 after acquiring an additional 361 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Energizer during the first quarter valued at approximately $64,000. Quadrant Capital Group LLC raised its stake in shares of Energizer by 35.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after acquiring an additional 987 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares during the period. 93.74% of the stock is currently owned by institutional investors.

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, 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.