Energizer (NYSE:ENR) PT Raised to $34.00

Energizer (NYSE:ENR) had its target price raised by Barclays from $32.00 to $34.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently weighed in on ENR. JPMorgan Chase & Co. boosted their price objective on shares of Energizer from $29.00 to $32.00 and gave the company an underweight rating in a research report on Friday. Truist Financial raised shares of Energizer from a hold rating to a buy rating and boosted their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. Royal Bank of Canada reaffirmed a sector perform rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI lowered their price objective on shares of Energizer from $42.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com raised shares of Energizer from a hold rating to a buy rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Energizer has an average rating of Hold and an average target price of $35.00.

Energizer Price Performance

ENR opened at $31.97 on Friday. The company has a 50-day moving average of $30.44 and a 200-day moving average of $29.66. The company has a market capitalization of $2.30 billion, a P/E ratio of 26.87 and a beta of 1.04. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Equities analysts expect that Energizer will post 3.27 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio (DPR) is 100.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Energizer by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 211,615 shares of the company’s stock worth $6,704,000 after acquiring an additional 29,383 shares during the period. Vanguard Group Inc. lifted its stake in shares of Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after acquiring an additional 79,940 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Energizer in the 4th quarter worth approximately $476,000. Capital Insight Partners LLC lifted its stake in shares of Energizer by 41.9% in the 1st quarter. Capital Insight Partners LLC now owns 12,954 shares of the company’s stock worth $381,000 after acquiring an additional 3,828 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Energizer by 14,545.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock worth $1,492,000 after acquiring an additional 50,326 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.