Energizer (NYSE:ENR) Raised to Buy at StockNews.com

Energizer (NYSE:ENR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Several other research firms also recently commented on ENR. Truist Financial lifted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and upped their price target for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Energizer currently has an average rating of “Hold” and an average price target of $37.63.

Energizer Price Performance

Energizer stock opened at $34.81 on Thursday. The stock has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $32.43. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The company has a market capitalization of $2.50 billion, a PE ratio of 66.94 and a beta of 1.06. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51.

Insider Activity

In other news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,860 shares of company stock worth $334,694. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently made changes to their positions in the business. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Victory Capital Management Inc. raised its position in Energizer by 192.5% in 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 stake in Energizer by 38.0% during the 2nd 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. Verition Fund Management LLC boosted its holdings in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after acquiring an additional 190,195 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of Energizer in the third quarter valued at about $3,910,000. 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.