Reviewing The Case For Energizer Holdings Inc (ENR) Going Higher

Currently, there are 72.18M common shares owned by the public and among those 65.40M shares have been available to trade.

The company’s stock has a 5-day price change of -3.55% and -8.32% over the past three months. ENR shares are trading -11.24% year to date (YTD), with the 12-month market performance up to 2.75% higher. It has a 12-month low price of $26.92 and touched a high of $39.51 over the same period. ENR has an average intraday trading volume of 610.57K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.61%, -11.16%, and -2.91% respectively.

Institutional ownership of Energizer Holdings Inc (NYSE: ENR) shares accounts for 85.16% of the company’s 72.18M shares outstanding.

It has a market capitalization of $2.24B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 39.06, while the earnings-per-share (ttm) stands at $0.79. The company has a PEG of 6.49 and a Quick Ratio of 0.94 with the debt-to-equity ratio at 22.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 2.41% over the month.

Earnings per share for the fiscal year are expected to increase by 6.76%, and 6.81% over the next financial year. EPS should grow at an annualized rate of 6.02% over the next five years, compared to -2.04% over the past 5-year period.

Looking at the support for the ENR, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on November 20, 2024, with the firm’s price target at $32-$39. Barclays coverage for the Energizer Holdings Inc (ENR) stock in a research note released on November 20, 2024 offered a Equal Weight rating with a price target of $36. Truist was of a view on August 27, 2024 that the stock is Buy, while Morgan Stanley gave the stock Equal-Weight rating on May 08, 2024, issuing a price target of $33. UBS on their part issued Neutral rating on November 20, 2023.

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