Energizer (NYSE:ENR) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research report released on Monday.

Other equities research analysts have also issued research reports about the company. Truist Financial raised Energizer from a hold rating to a buy rating and lifted their price objective for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. upped their price objective on Energizer from $29.00 to $32.00 and gave the stock an underweight rating in a report on Friday. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an outperform rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada restated a sector perform rating and set a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Finally, Barclays increased their price target on shares of Energizer from $32.00 to $34.00 and gave the company an overweight rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $35.00.

Energizer Trading Up 0.8 %

NYSE:ENR opened at $31.97 on Monday. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock’s 50 day simple moving average is $30.44 and its 200-day simple moving average is $29.66. Energizer has a 12-month low of $26.92 and a 12-month high of $36.72. The firm has a market cap of $2.30 billion, a P/E ratio of 26.87 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its quarterly earnings data 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. The company had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. Energizer’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts anticipate that Energizer will post 3.27 EPS for the current year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Thursday, August 22nd. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in Energizer by 192.5% during the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock valued at $11,009,000 after buying an additional 245,285 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after acquiring an additional 240,402 shares in the last quarter. M&G Plc acquired a new stake in shares of Energizer during the first quarter valued at $5,174,000. Vanguard Group Inc. increased its position in Energizer by 0.9% during the 4th 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Energizer by 155.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock valued at $3,827,000 after purchasing an additional 78,895 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other 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.