Energizer Holdings, Inc. (NYSE:ENR) Receives $34.38 Average Price Target from Brokerages

Energizer Holdings, Inc. (NYSE:ENR) has been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of analysts have issued reports on the company. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Evercore ISI reduced their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday. StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, October 3rd. Finally, Barclays upped their price objective on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday.

Energizer Stock Performance

Shares of ENR stock opened at $31.71 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer has a 12-month low of $26.92 and a 12-month high of $36.72. The business’s 50 day moving average is $30.38 and its two-hundred day moving average is $29.64. The company has a market capitalization of $2.28 billion, a P/E ratio of 26.65 and a beta of 1.04.

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

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio is currently 100.84%.

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently made changes to their positions in the stock. Clearstead Trust LLC lifted its position in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 820 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Energizer during the 1st quarter worth about $64,000. Canada Pension Plan Investment Board acquired a new stake in shares of Energizer in the second quarter worth approximately $65,000. SG Americas Securities LLC grew 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 valued at $125,000 after purchasing an additional 919 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in Energizer by 2,650.0% during the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after purchasing an additional 4,399 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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.