StockNews.com Downgrades Energizer (NYSE:ENR) to Hold

Energizer (NYSE:ENR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

ENR has been the topic of a number of other research reports. Evercore ISI lowered their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. Finally, Barclays increased their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $34.38.

Energizer Trading Up 1.1 %

NYSE ENR traded up $0.32 on Tuesday, hitting $29.80. 910,421 shares of the company were exchanged, compared to its average volume of 564,673. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The company’s 50 day moving average price is $30.23 and its 200-day moving average price is $29.37. The firm has a market capitalization of $2.14 billion, a P/E ratio of 25.04 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Analysts predict that Energizer will post 3.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energizer

Large investors have recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new stake in Energizer in the 4th quarter worth approximately $249,000. Norges Bank acquired a new stake in shares of Energizer in the fourth quarter worth $16,559,000. Gabelli Funds LLC boosted its holdings in shares of Energizer by 2.2% during the 4th quarter. Gabelli Funds LLC now owns 385,550 shares of the company’s stock worth $12,214,000 after buying an additional 8,375 shares during the period. Harvest Investment Advisors LLC grew its stake in Energizer by 1.6% in the 4th quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock valued at $1,211,000 after buying an additional 588 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in Energizer by 197.4% in the 4th quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock worth $5,041,000 after acquiring an additional 105,622 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Energizer Company Profile

Energizer Holdings, Inc, together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer, Eveready, and Rayovac brands; primary, rechargeable, specialty, and hearing aid batteries; and handheld, headlights, lanterns, and area lights, as well as flashlights under the Hard Case, Dolphin, and WeatherReady brands.