Energizer Holdings, Inc. (NYSE:ENR) Given Consensus Recommendation of “Hold” by Analysts

Energizer Holdings, Inc. (NYSE:ENR) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $38.38.

Several brokerages have recently commented on ENR. JPMorgan Chase & Co. reduced their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $34.00 to $36.00 in a 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 note on Wednesday, November 20th. Finally, StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday.

Energizer Stock Performance

Energizer stock opened at $35.29 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of 67.87 and a beta of 1.07. The stock’s 50 day moving average price is $36.14 and its 200 day moving average price is $32.67. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer has a one year low of $26.92 and a one year high of $39.51.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

Insiders Place Their Bets

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, 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. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energizer

Several hedge funds have recently modified their holdings of ENR. Charles Schwab Investment Management Inc. grew its stake in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after purchasing an additional 19,836 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Energizer in the third quarter worth approximately $584,000. Seizert Capital Partners LLC increased its holdings in shares of Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares in the last quarter. Clarkston Capital Partners LLC lifted its position in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Energizer by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after acquiring an additional 22,100 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.