Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Recommendation of “Hold” from Brokerages

Energizer Holdings, Inc. (NYSE:ENR) has been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.38.

ENR has been the topic of a number of analyst reports. Evercore ISI lowered their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. lifted 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. StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th.

Hedge Funds Weigh In On Energizer

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in 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 buying an additional 79,940 shares in the last quarter. LSV Asset Management grew its holdings in shares of Energizer by 2.0% during the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after purchasing an additional 31,900 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Energizer by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after purchasing an additional 71,595 shares during the period. Bank of New York Mellon Corp lifted its stake in Energizer by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after purchasing an additional 15,982 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares during the period. 93.74% of the stock is currently owned by institutional investors.

Energizer Stock Performance

NYSE ENR opened at $31.03 on Friday. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The company has a market capitalization of $2.23 billion, a PE ratio of 26.08 and a beta of 1.04. Energizer has a 52-week low of $26.92 and a 52-week high of $36.72. The company has a 50-day simple moving average of $30.36 and a 200 day simple moving average of $29.60.

Energizer (NYSE:ENR) last issued its 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 firm had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue was up .3% on a year-over-year basis. On average, research analysts predict that Energizer will post 3.27 EPS for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were given a $0.30 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 3.87%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

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.