Canaccord Genuity Group Issues Positive Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price lifted by Canaccord Genuity Group from $32.00 to $36.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Truist Financial raised shares of Energizer from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $34.00 to $36.00 in a research note on Wednesday. Morgan Stanley upped their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Trading Up 0.6 %

NYSE ENR opened at $38.30 on Wednesday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 73.66 and a beta of 1.04. Energizer has a twelve month low of $26.92 and a twelve month high of $39.21. 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 fifty day moving average is $32.36 and its 200 day moving average is $30.68.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. Energizer’s payout ratio is presently 230.77%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. SG Americas Securities LLC lifted its stake in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after buying an additional 919 shares in the last quarter. ProShare Advisors LLC boosted its stake in Energizer by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock valued at $422,000 after purchasing an additional 1,001 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Energizer by 21.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after purchasing an additional 4,310 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Energizer in the first quarter worth approximately $297,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Energizer by 31.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after purchasing an additional 25,732 shares in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

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.