Energizer (NYSE:ENR) Downgraded by StockNews.com to “Hold”

Energizer (NYSE:ENR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts also recently commented on ENR. JPMorgan Chase & Co. dropped their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Morgan Stanley raised their price objective 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. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group raised their price target on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Trading Down 2.6 %

ENR opened at $31.29 on Tuesday. The company has a market cap of $2.26 billion, a P/E ratio of 39.61 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 22.17. The company’s 50 day moving average is $35.19 and its 200-day moving average is $33.11. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts predict that Energizer will post 3.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred 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 sale, the vice president now owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,860 shares of company stock worth $334,694. Company insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Energizer in the 3rd quarter valued at about $30,000. Quarry LP bought a new stake in Energizer in the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new position in Energizer during the 3rd quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 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.