Morgan Stanley analyst Dara Mohsenian has maintained their neutral stance on ENR stock, giving a Hold rating yesterday.
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Dara Mohsenian has given his Hold rating due to a combination of factors impacting Energizer Holdings. The company reported a significant EPS beat in the third quarter, aided by unexpected production credits, which were not fully accounted for in consensus estimates. Despite this positive surprise, the slight organic sales growth and the complexities surrounding the APS deal make it challenging to assess the true performance against market expectations.
Moreover, while Energizer has raised its full-year guidance and anticipates favorable production credits in the long term, these benefits are partially offset by expected tariffs in the coming years. Additionally, the company’s aggressive share repurchase strategy and the raised guidance for net sales and adjusted EPS indicate a positive outlook. However, the uncertainties and adjustments required for a clear comparison with consensus estimates justify a Hold rating, as the stock’s potential upside appears limited in the near term.
Mohsenian covers the Consumer Defensive sector, focusing on stocks such as e.l.f. Beauty, Coca-Cola, and Keurig Dr Pepper. According to TipRanks, Mohsenian has an average return of 7.2% and a 61.54% success rate on recommended stocks.
In another report released yesterday, Barclays also maintained a Hold rating on the stock with a $24.00 price target.