Investment Analysts’ Weekly Ratings Updates for Energizer (ENR)

A number of firms have modified their ratings and price targets on shares of Energizer (NYSE: ENR) recently:

• 10/14/2024 – Energizer was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/11/2024 – Energizer had its price target raised by analysts at JPMorgan Chase & Co. from $29.00 to $32.00. They now have an “underweight” rating on the stock.
• 10/11/2024 – Energizer had its price target raised by analysts at Barclays PLC from $32.00 to $34.00. They now have an “overweight” rating on the stock.
• 10/3/2024 – Energizer was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/24/2024 – Energizer was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/16/2024 – Energizer was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 8/27/2024 – Energizer was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock, up previously from $30.00.

Energizer Trading Down 0.6 %

Energizer stock opened at $32.31 on Wednesday. The stock has a market cap of $2.32 billion, a P/E ratio of 27.15 and a beta of 1.04. Energizer Holdings, Inc. has a fifty-two week low of $26.92 and a fifty-two week high of $36.72. The firm’s fifty day moving average price is $30.76 and its 200-day moving average price is $29.82. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Energizer Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. Energizer’s dividend payout ratio is currently 100.84%.

Institutional Trading of Energizer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC lifted its holdings in Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 820 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Energizer during the first quarter valued at approximately $64,000. Canada Pension Plan Investment Board bought a new position in shares of Energizer during the second quarter valued at approximately $65,000. SG Americas Securities LLC increased its stake in shares of Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Energizer by 2,650.0% during the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock valued at $135,000 after purchasing an additional 4,399 shares in the last quarter. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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.