Is Buying Stock Like Energizer Holdings, Inc. (ENR) After This Wedge Up Pattern a Winning Strategy?

June 15, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0 in Q1 2018. Its down Infinity, from Infinity in 2017Q4. It dived, as 1 investors sold Energizer Holdings, Inc. shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 7,349 shares or 77.06% less from 32,036 shares in 2017Q4 were reported.
Vantage Advsrs Limited Liability reported 101 shares. Paradigm Advisors has invested 0.18% in Energizer Holdings, Inc. (NYSE:ENR). Gemmer Asset Lc owns 172 shares for 0% of their portfolio.

Since February 13, 2018, it had 6 insider buys, and 0 selling transactions for $513,477 activity. 1,000 Energizer Holdings, Inc. (NYSE:ENR) shares with value of $52,947 were bought by Johnson James C. On Tuesday, February 13 the insider HILL JOHN N bought $250,200. Shares for $54,782 were bought by HOOVER R DAVID on Thursday, February 15. 1,450 shares were bought by BENDER ANTHONY J, worth $72,526 on Tuesday, February 13.

The stock of Energizer Holdings, Inc. (ENR) formed an up wedge with $64.04 target or 7.00 % above today’s $59.85 share price. The 9 months wedge indicates low risk for the $3.57 billion company. If the $64.04 price target is reached, the company will be worth $250.04M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.34% or $0.2 during the last trading session, reaching $59.85. About 233,612 shares traded. Energizer Holdings, Inc. (NYSE:ENR) has risen 11.53% since June 15, 2017 and is uptrending. It has underperformed by 1.04% the S&P500.

Analysts await Energizer Holdings, Inc. (NYSE:ENR) to report earnings on August, 1. They expect $0.54 EPS, up 25.58 % or $0.11 from last year’s $0.43 per share. ENR’s profit will be $32.23 million for 27.71 P/E if the $0.54 EPS becomes a reality. After $0.45 actual EPS reported by Energizer Holdings, Inc. for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

Energizer Holdings, Inc. (NYSE:ENR) Ratings Coverage

Among 7 analysts covering Energizer Holdings (NYSE:ENR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Energizer Holdings had 9 analyst reports since January 4, 2018 according to SRatingsIntel. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, January 4 report. The stock of Energizer Holdings, Inc. (NYSE:ENR) has “Buy” rating given on Monday, May 21 by Jefferies. The firm has “Buy” rating given on Thursday, February 1 by RBC Capital Markets. As per Thursday, April 12, the company rating was maintained by Bank of America. As per Thursday, February 1, the company rating was maintained by Morgan Stanley. On Tuesday, January 16 the stock rating was maintained by SunTrust with “Buy”. The company was maintained on Tuesday, January 16 by KeyBanc Capital Markets. Jefferies maintained Energizer Holdings, Inc. (NYSE:ENR) on Thursday, January 25 with “Hold” rating. The stock of Energizer Holdings, Inc. (NYSE:ENR) has “Hold” rating given on Thursday, January 4 by Jefferies.

Energizer Holdings, Inc., together with its subsidiaries, makes, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. The company has market cap of $3.57 billion. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries; and hearing aid batteries, as well as primary rechargeable options under the Energizer and Eveready brands. It has a 29.17 P/E ratio. The firm also provides headlights, lanterns, kidÂ’s lights, and area lights, as well as flash lights under the Hard Case, Dolphin, and WeatherReady brands.

Energizer Holdings, Inc. (NYSE:ENR) Ratings Chart

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