This is why Energizer Holdings Inc (ENR) Stock is one of the options for the Longer run

Energizer Holdings Inc [ENR] stock is trading at $31.41, up 1.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ENR shares have gain 3.53% over the last week, with a monthly amount glided 5.40%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Energizer Holdings Inc [NYSE: ENR] stock has seen the most recent analyst activity on May 08, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight but kept the price target unchanged to $33 for it. Previously, UBS downgraded its rating to Neutral on November 20, 2023, and dropped its price target to $34. On November 15, 2023, downgrade downgraded it’s rating to Sector Perform and revised its price target to $38 on the stock. Morgan Stanley downgraded its rating to a Underweight but stick to its price target of $33 on November 15, 2023. JP Morgan downgraded its rating to a Underweight but $33 remained the price target by the analyst firm on November 15, 2023. Truist downgraded its rating to Hold for this stock on August 28, 2023, and downed its price target to $35. In a note dated November 17, 2022, Canaccord Genuity initiated an Hold rating and provided a target price of $34 on this stock.

Energizer Holdings Inc [ENR] stock has fluctuated between $26.92 and $37.32 over the past year. Currently, Wall Street analysts expect the stock to reach $37.2 within the next 12 months. Energizer Holdings Inc [NYSE: ENR] shares were valued at $31.41 at the most recent close of the market. An investor can expect a potential return of 18.43% based on the average ENR price forecast.

Analyzing the ENR fundamentals

Energizer Holdings Inc [NYSE:ENR] reported sales of 2.89B for the trailing twelve months, which represents a drop of -3.04%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.46 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 17.43.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.06 points at the first support level, and at 30.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.71, and for the 2nd resistance point, it is at 32.00.

Ratios To Look Out For

For context, Energizer Holdings Inc’s Current Ratio is 2.03. As well, the Quick Ratio is 1.04, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 11.79 and price to earnings (TTM) ratio is 26.56.

Transactions by insiders

Recent insider trading involved MOORE PATRICK J, Director, that happened on Feb 15 ’24 when 5000.0 shares were purchased. Executive Vice President Inter, Vauth Robin completed a deal on Nov 20 ’23 to sell 2919.0 shares.

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