Read original blog entry
Energizer Holdings, Inc. (ENR) has generated top-line growth both through organic growth in the razor blade and battery businesses and though the acquisition of Playtex and Hawaiian Tropic.
In addition, integration savings, originally estimated to be $57 million, was increased to $70 million. Management is incentivized with annual and two-year bonus plans and a stock incentive plan. Historically, management has been successful in qualifying for performance-based awards.
The stock is rated a Buy. At the current P/E of 9.1, we find the stock attractive despite the share repurchase program having been curtailed as management concentrates in lowering the debt level. The target price of $91.50 is based on a 15 P/E on trailing 12-month earnings.
Read the full analyst report on ENR
Get real-time market insights and profitable stock recommendations from the team of analysts at Zacks Equity Research. See all todays Analyst Blog entries on Zacks.com.