Energizer Holdings Inc (ENR) was Downgraded by Goldman to ” Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 52 from a previous price target of $50 . Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jul 12, 2016.
Many Wall Street Analysts have commented on Energizer Holdings Inc. Shares were Reiterated by Jefferies on Jul 7, 2016 to “Hold” and Lowered the Price Target to $ 48 from a previous price target of $50 .Company shares were Reiterated by Jefferies on May 25, 2016 to “Hold”, Firm has raised the Price Target to $ 50 from a previous price target of $45 .Company shares were Reiterated by UBS on May 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .
On the company’s financial health, Energizer Holdings Inc reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.21. The company had revenue of $334.00 million for the quarter, compared to analysts expectations of $316.30 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.97 EPS.
Energizer Holdings Inc opened for trading at $50.81 and hit $51.37 on the upside on Monday, eventually ending the session at $51.18, with a gain of 1.51% or 0.76 points. The heightened volatility saw the trading volume jump to 7,68,904 shares. Company has a market cap of $3,164 M.
In a different news, on Mar 11, 2016, Gregory T Kinder (EVP, Chief Supply Chain Off.) sold 8,954 shares at $40.40 per share price. According to the SEC, on Feb 12, 2015, Ward M Klein (CHIEF EXECUTIVE OFFICER) sold 38,000 shares at $133.81 per share price.
Energizer Holdings Inc. formerly Energizer SpinCo Inc. manufactures and markets batteries and portable lighting products. The Company is focused on household products business. The Company’s brands include Energizer and Eveready. In addition to the Energizer and Eveready brands the Company also markets its flashlights under the Hard Case Dolphin and Weather Ready sub-brands. Its products include Schick and Wilkinson Sword men’s and women’s shaving systems and disposables; Edge and Skintimate shave preparations; Playtex tampons gloves and infant feeding products; Banana Boat and Hawaiian Tropic sun care products and Wet Ones moist wipes. The Company four geographic segments include North America which is comprised of the United States and Canada; Latin America which includes its markets in Mexico the Caribbean Central America and South America; Europe Middle East and Africa (EMEA) and Asia Pacific which is comprised of its markets in Asia Australia and New Zealand.