Economy

Energizer Holdings, Inc. (ENR) Shares Gap Up Following Strong Earnings

ENR is now undervalued by -18.74% relative to the average 1-year price target of $52.67 taken from a group of Wall Street Analysts.

Recent trading patterns in the stock of Energizer Holdings, Inc. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.

Energizer Holdings, Inc. (NYSE:ENR) has a below average level of market risk. Jefferies maintained the stock with "Hold" rating in Wednesday, August 2 report.

A number of analysts have commented on the stock. The shares were acquired at an average price of $42.26 per share, for a total transaction of $266,238.00. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law.

First Trust Advisors LP lessened its stake in shares of Energizer Holdings, Inc. The firm has "Buy" rating given on Thursday, August 4 by SunTrust.

The firm has a market capitalization of $2,589.50, a PE ratio of 14.04, a P/E/G ratio of 1.39 and a beta of 0.55. Energizer Holdings has a fifty-two week low of $40.98 and a fifty-two week high of $60.07. The 20-day Stochastic %k measure, which sits at 13.59%, tells a different story, and suggests that ENR now trades in oversold territory. The company reported $0.54 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.06. The company had revenue of $637.50 million during the quarter, compared to analyst estimates of $648.13 million. The business's revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. These holdings make up 92.52% of the company's outstanding shares. GEOS's SI was 793,200 shares in November as released by FINRA. Mutual of America Capital Management LLC owned approximately 0.08% of Energizer Holdings worth $2,367,000 at the end of the most recent quarter. This represents a $1.10 annualized dividend and a dividend yield of 2.46%. "(ENR) Shares Gap Up Following Strong Earnings" was first published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another website, it was copied illegally and republished in violation of USA & global copyright laws. Zacks Investment Research upgraded Energizer Holdings from a "hold" rating to a "strong-buy" rating and set a $55.00 target price for the company in a report on Tuesday, October 17th. Also, CFO Timothy W. Gorman acquired 6,300 shares of the company's stock in a transaction dated Tuesday, August 22nd. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.73% of the company's stock. Creative Planning increased its holdings in Energizer Holdings by 0.9% during the second quarter. Following the purchase, the chief financial officer now owns 14,674 shares in the company, valued at $607,943.82. Finally, Bayesian Capital Management LP purchased a new stake in Energizer Holdings during the second quarter worth about $240,000. Insider ownership during the latest quarter increased by a net of 24064 shares, indicating that ENR's key executives are feeling more bullish about the stock than they did three months ago. Eqis Cap Mngmt owns 0.07% invested in Energizer Holdings Inc (NYSE:ENR) for 24,303 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the company's stock worth $116,000 after purchasing an additional 169 shares in the last quarter. Advisor Group Inc. now owns 3,804 shares of the company's stock worth $183,000 after purchasing an additional 50 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Energizer Holdings by 1.3% in the 2nd quarter. Synovus Financial Corp now owns 4,978 shares of the company's stock worth $243,000 after purchasing an additional 85 shares in the last quarter. The institutional investor owned 51,409 shares of the company's stock after selling 7,788 shares during the quarter.

Energizer Holdings, Inc, formerly Energizer SpinCo, Inc, manufactures and markets batteries and portable lighting products. Shares are now up over the past year, outperforming the broad market by -100% and underperformed a peer group of similar companies by -125%. As of September 30, 2016, the Company had a portfolio of over 25 brands. The company has market cap of $2.61 billion.



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