Energizer (NYSE:ENR) Stock Rating Lowered by Barclays

Energizer (NYSE:ENR) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Wednesday, Marketbeat reports. They presently have a $36.00 price target on the stock, up from their previous price target of $34.00. Barclays‘s target price points to a potential downside of 5.49% from the stock’s previous close.

A number of other brokerages also recently weighed in on ENR. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $39.00 in a report on Wednesday. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Evercore ISI cut their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Stock Performance

NYSE:ENR opened at $38.09 on Wednesday. The stock has a market cap of $2.73 billion, a P/E ratio of 73.25 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The business’s 50-day moving average price is $31.99 and its two-hundred day moving average price is $30.57. Energizer has a twelve month low of $26.92 and a twelve month high of $39.21.

Insider Activity

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

A number of institutional investors have recently modified their holdings of ENR. Neo Ivy Capital Management bought a new position in Energizer during the 3rd quarter valued at approximately $30,000. Clearstead Trust LLC raised its holdings in shares of Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 820 shares in the last quarter. Quarry LP purchased a new stake in Energizer in the third quarter worth $39,000. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter valued at $42,000. Finally, Avior Wealth Management LLC increased its position in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after purchasing an additional 376 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

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.