UBS Group Issues Pessimistic Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its price objective cut by equities research analysts at UBS Group from $39.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 7.67% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Morgan Stanley lifted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Trading Up 0.0 %

NYSE ENR opened at $35.29 on Thursday. The stock’s 50 day moving average is $36.14 and its 200 day moving average is $32.65. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.54 billion, a PE ratio of 67.87 and a beta of 1.07. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51.

Insider Activity at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robin Vauth sold 1,978 shares of the 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 directly owns 5,758 shares in the company, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,860 shares of company stock valued at $334,694. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of Energizer

A number of large investors have recently made changes to their positions in the stock. Clarkston Capital Partners LLC lifted its position in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 buying an additional 240,402 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after buying an additional 190,195 shares during the period. Zacks Investment Management purchased a new position in shares of Energizer in the 3rd quarter worth $3,910,000. Finally, Profit Investment Management LLC bought a new stake in shares of Energizer in the third quarter worth $2,238,000. 93.74% of the stock is currently owned by 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.