Why Did Jefferies Upgrade Energizer Holdings Inc’s Stock?


Jefferies analyst Kevin Grundy upgraded Energizer Holdings Inc (NYSE: ENR) to Buy today and set a price target of $80. The company’s shares opened today at $63.37, close to its 52-week high of $64.93.

Grundy noted:

“Despite strong outperformance YTD, we see scope for ENR’s shares to potentially double over the next couple years, using plausible assumptions.”

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 6.2% and a 67.8% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Edgewell Personal Care, and Monster Beverage Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Energizer Holdings Inc with a $80 average price target.

See today’s analyst top recommended stocks >>

Energizer Holdings Inc’s market cap is currently $3.8B and has a P/E ratio of 30.88. The company has a Price to Book ratio of 84.94.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts