Energizer Holdings Inc (ENR) stock forecast: Can it reach its 52-week high of $36.72

A share price of Energizer Holdings Inc [ENR] is currently trading at $29.59, down -0.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ENR shares have gain 1.37% over the last week, with a monthly amount drifted -2.47%, and not 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 August 27, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $40 from $30. Previously, Morgan Stanley upgraded its rating to Equal-Weight on May 08, 2024, and kept the price target unchanged to $33. On November 20, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $34 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $38 on November 15, 2023. Morgan Stanley downgraded its rating to a Underweight but $33 remained the price target by the analyst firm on November 15, 2023. JP Morgan downgraded its rating to Underweight for this stock on November 15, 2023, but kept the price target unchanged to $33. In a note dated August 28, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $40 to $35.

Energizer Holdings Inc experienced fluctuations in its stock price throughout the past year between $26.92 and $36.72. Currently, Wall Street analysts expect the stock to reach $37.67 within the next 12 months. Energizer Holdings Inc [NYSE: ENR] shares were valued at $29.59 at the most recent close of the market. An investor can expect a potential return of 27.31% based on the average ENR price forecast.

Analyzing the ENR fundamentals

Trailing Twelve Months sales for Energizer Holdings Inc [NYSE:ENR] were 2.89B which represents 0.29% growth. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.06 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 25.91.

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 29.48 points at the first support level, and at 29.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.79, and for the 2nd resistance point, it is at 30.00.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Energizer Holdings Inc [NYSE:ENR] is 1.99. Further, the Quick Ratio stands at 1.01, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 17.22 and price to earnings (TTM) ratio is 221.15.

Transactions by insiders

Recent insider trading involved Hampton Sara B., VP, Global Controllership, that happened on Aug 08 ’24 when 4971.0 shares were sold. Officer, Hampton Sara B. completed a deal on Aug 08 ’24 to buy 4971.0 shares. Meanwhile, Director MOORE PATRICK J bought 5000.0 shares on Feb 15 ’24.

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