Jefferies analyst Kevin Grundy assigned a Buy rating to Energizer Holdings Inc (ENR) today and set a price target of $64. The company’s shares closed yesterday at $47.75.
Grundy commented:
“No big surprises as ENR’s 1Q org sales of +1.7% / adj.”
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 5.8% and a 60.6% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Interlink Electronics, Inc., and Constellation Brands Inc.
Currently, the analyst consensus on Energizer Holdings Inc is a Strong Buy with an average price target of $63.
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Based on Energizer Holdings Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.5 million. In comparison, last year the company had a net profit of $60.4 million.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ENR in relation to earlier this year.
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Energizer Holdings, Inc. manufacturers and markets batteries and lighting products. The company’s products include household batteries, specialty batteries, and portable lighting. Energizer Holdings is headquartered in St. Louis, MO.
