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

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

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Stock Down 3.2 %

Shares of ENR opened at $32.85 on Monday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 63.17 and a beta of 1.06. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The stock’s 50-day moving average price is $35.71 and its 200-day moving average price is $33.07. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 155.40% and a net margin of 1.32%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, sell-side analysts predict that Energizer will post 3.58 EPS for the current year.

Insider Transactions at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now 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. Insiders have sold a total of 8,860 shares of company stock worth $334,694 in the last quarter. Company insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Energizer

A number of institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after buying an additional 19,836 shares during the period. Inspire Investing LLC increased its position in shares of Energizer by 166.3% during the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock worth $1,210,000 after acquiring an additional 21,667 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Energizer in the third quarter valued at $584,000. Seizert Capital Partners LLC boosted its holdings in 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 purchasing an additional 40,891 shares during the period. Finally, Clarkston Capital Partners LLC boosted its holdings in Energizer by 12.6% in 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. 93.74% of the stock is owned by institutional investors and hedge funds.

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.