Energizer (NYSE:ENR) Price Target Lowered to $30.00 at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its price target lowered by JPMorgan Chase & Co. from $36.00 to $30.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.80% from the company’s current price.

A number of other research analysts have also weighed in on ENR. UBS Group dropped their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Barclays decreased their price objective on Energizer from $36.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.25.

Energizer Stock Performance

Shares of ENR opened at $26.60 on Friday. Energizer has a one year low of $25.42 and a one year high of $39.52. The company has a market cap of $1.92 billion, a PE ratio of 33.66 and a beta of 0.92. The stock has a 50-day moving average of $29.93 and a 200-day moving average of $32.94. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. During the same quarter last year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts predict that Energizer will post 3.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENR. LSV Asset Management boosted its holdings in shares of Energizer by 6.7% in the 4th quarter. LSV Asset Management now owns 1,812,700 shares of the company’s stock worth $63,245,000 after buying an additional 114,600 shares during the last quarter. Millennium Management LLC boosted its stake in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock valued at $43,265,000 after acquiring an additional 496,146 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Energizer by 8.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after acquiring an additional 80,163 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Energizer by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company’s stock valued at $35,375,000 after acquiring an additional 30,185 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock worth $33,680,000 after purchasing an additional 33,739 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

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.