Energizer Receives a Buy from RBC Capital

By Austin Angelo

RBC Capital analyst Nik Modi reiterated a Buy rating on Energizer (NYSE: ENR) today and set a price target of $60. The company’s shares opened today at $50.79.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.0% and a 72.2% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Spectrum Brands Holdings.

Energizer has an analyst consensus of Moderate Buy, with a price target consensus of $61.

Based on Energizer’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $359 million and quarterly net profit of $46.9 million. In comparison, last year the company earned revenue of $334 million and had a net profit of $16.4 million.

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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.