Barclays Lowers Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR) had its price objective decreased by research analysts at Barclays from $36.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 7.81% from the stock’s current price.

A number of other analysts have also recently issued reports on ENR. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Finally, UBS Group decreased their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Energizer presently has an average rating of “Hold” and an average price target of $37.88.

Energizer Price Performance

Shares of NYSE ENR opened at $29.68 on Thursday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 37.57 and a beta of 1.09. The stock’s 50-day moving average is $31.46 and its two-hundred day moving average is $33.05. Energizer has a 1-year low of $26.92 and a 1-year high of $39.52.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Energizer

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Energizer during the third quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Energizer in the third quarter valued at $39,000. Public Employees Retirement System of Ohio acquired a new position in shares of Energizer in the fourth quarter valued at $43,000. Finally, Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 753 shares during the period. Institutional investors own 93.74% of the company’s stock.

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.