Morgan Stanley Forecasts Strong Price Appreciation for Energizer (NYSE:ENR) Stock

Energizer (NYSE:ENR) had its price objective boosted by Morgan Stanley from $33.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 5.49% from the company’s current price.

A number of other research firms have also recently commented on ENR. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $36.00 in a report on Wednesday. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Evercore ISI cut their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. 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. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.63.

Energizer Trading Up 1.1 %

ENR opened at $38.09 on Wednesday. Energizer has a one year low of $26.92 and a one year high of $39.21. The stock has a market capitalization of $2.73 billion, a PE ratio of 73.25 and a beta of 1.04. The business’s 50 day moving average price is $31.99 and its 200 day moving average price is $30.57. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.01 and a current ratio of 1.80.

Insider Transactions at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The shares were 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 directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Institutional investors have recently made changes to their positions in the stock. Clarkston Capital Partners LLC lifted its holdings in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Energizer by 2.0% during the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after acquiring an additional 31,900 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Energizer by 5.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after acquiring an additional 71,595 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after acquiring an additional 15,982 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after acquiring an additional 19,836 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.