Energizer (NYSE:ENR) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research note released on Tuesday morning.

A number of other equities analysts have also recently commented on ENR. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Evercore ISI lowered their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Morgan Stanley raised their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Stock Performance

NYSE ENR opened at $38.43 on Tuesday. The stock has a market cap of $2.76 billion, a PE ratio of 73.90 and a beta of 1.04. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. Energizer has a twelve month low of $26.92 and a twelve month high of $39.21. The stock has a fifty day simple moving average of $32.55 and a 200-day simple moving average of $30.77.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Transactions at Energizer

In other news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ENR. CANADA LIFE ASSURANCE Co increased its position 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 buying an additional 25,732 shares during the period. Price T Rowe Associates Inc. MD increased its position in Energizer by 5.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock worth $1,386,000 after buying an additional 2,536 shares during the period. Tidal Investments LLC increased its position in Energizer by 220.3% during the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock worth $880,000 after buying an additional 20,567 shares during the period. Comerica Bank increased its position in Energizer by 16.0% during the first quarter. Comerica Bank now owns 60,595 shares of the company’s stock worth $1,784,000 after buying an additional 8,366 shares during the period. Finally, EMC Capital Management increased its position in Energizer by 18.3% during the first quarter. EMC Capital Management now owns 8,529 shares of the company’s stock worth $251,000 after buying an additional 1,317 shares during the period. Institutional investors and hedge funds 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.