StockNews.com Upgrades Energizer (NYSE:ENR) to Buy

Energizer (NYSE:ENR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other brokerages have also recently commented on ENR. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and raised their price target for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Barclays raised their target price on shares of Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Evercore ISI decreased their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and a consensus target price of $34.38.

Energizer Stock Performance

NYSE ENR traded up $0.11 during trading on Thursday, reaching $31.82. The company’s stock had a trading volume of 774,800 shares, compared to its average volume of 570,249. The firm has a 50 day moving average price of $30.29 and a 200 day moving average price of $29.46. Energizer has a 12 month low of $26.92 and a 12 month high of $36.72. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 26.74 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04.

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

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after purchasing an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after acquiring an additional 240,402 shares during the last quarter. M&G Plc acquired a new position in Energizer in the 1st quarter valued at approximately $5,174,000. Verition Fund Management LLC raised its stake in shares of Energizer by 197.4% during the fourth quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after acquiring an additional 105,622 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Energizer by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after purchasing an additional 79,940 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

About Energizer

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.