Energizer Holdings, Inc. (NYSE:ENR) Given Average Rating of “Hold” by Analysts

Energizer Holdings, Inc. (NYSE:ENR) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $35.00.

ENR has been the topic of a number of analyst reports. 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. Evercore ISI cut their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price target on Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, October 11th.

Energizer Price Performance

ENR stock opened at $33.55 on Tuesday. The stock has a 50-day simple moving average of $31.35 and a 200-day simple moving average of $30.23. The firm has a market cap of $2.41 billion, a P/E ratio of 239.64 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. Energizer has a 1 year low of $26.92 and a 1 year high of $36.72.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio is presently 857.14%.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in the business. Clearstead Trust LLC raised its position in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 820 shares during the period. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter valued at $42,000. Central Pacific Bank Trust Division acquired a new position in shares of Energizer during the first quarter valued at $64,000. Canada Pension Plan Investment Board bought a new position in shares of Energizer during the second quarter worth about $65,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Energizer by 22.4% in the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after acquiring an additional 376 shares during the period. Institutional investors and hedge funds 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.