Energizer (NYSE:ENR) Stock Rating Upgraded by JPMorgan Chase & Co.

Energizer (NYSE:ENR) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $39.00 price objective on the stock, up from their prior price objective of $32.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 2.39% from the stock’s previous close.

ENR has been the subject of a number of other research reports. Evercore ISI reduced their target price 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. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Barclays upped their target price on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Energizer has an average rating of “Hold” and an average target price of $37.63.

Energizer Trading Up 1.1 %

Shares of NYSE:ENR opened at $38.09 on Wednesday. Energizer has a 12-month low of $26.92 and a 12-month high of $39.21. The business has a 50 day moving average of $31.99 and a 200-day moving average of $30.57. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The stock has a market cap of $2.73 billion, a PE ratio of 73.25 and a beta of 1.04.

Insider Transactions at Energizer

In other news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energizer

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Energizer by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock valued at $422,000 after acquiring an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Energizer by 21.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock valued at $729,000 after acquiring an additional 4,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Energizer during the 1st quarter valued at $297,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Energizer by 31.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock worth $3,172,000 after acquiring an additional 25,732 shares in the last quarter. Institutional investors 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.