Energizer (NYSE:ENR) PT Raised to $32.00 at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its target price boosted by JPMorgan Chase & Co. from $29.00 to $32.00 in a research report report published on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Other research analysts have also issued reports about the stock. Truist Financial upgraded shares of Energizer from a hold rating to a buy rating and lifted their price objective for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Barclays boosted their price target on shares of Energizer from $31.00 to $32.00 and gave the company an overweight rating in a research report on Friday, July 19th. Royal Bank of Canada restated a sector perform rating and set a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Energizer from a hold rating to a buy rating in a research report on Thursday, October 3rd. Finally, Evercore ISI reduced their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $35.00.

Energizer Trading Up 0.8 %

NYSE:ENR opened at $31.97 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. The stock has a market capitalization of $2.30 billion, a PE ratio of 26.87 and a beta of 1.04. The firm’s 50 day moving average is $30.44 and its 200 day moving average is $29.66. Energizer has a 12 month low of $26.92 and a 12 month high of $36.72.

Energizer (NYSE:ENR) last posted its quarterly 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. The company had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. Energizer’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Sell-side analysts expect that Energizer will post 3.27 earnings per share for the current year.

Energizer Announces Dividend

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

Institutional Trading of Energizer

Institutional investors have recently added to or reduced their stakes in the business. Clearstead Trust LLC boosted its position in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 820 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Energizer during the first quarter valued at about $64,000. Canada Pension Plan Investment Board purchased a new stake in Energizer during the second quarter valued at about $65,000. SG Americas Securities LLC boosted its holdings in shares of Energizer by 27.7% during 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 during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of 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 period. 93.74% of the stock is currently 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.