Canaccord Genuity Group Forecasts Strong Price Appreciation for Energizer (NYSE:ENR) Stock

Energizer (NYSE:ENR) had its target price boosted by Canaccord Genuity Group from $32.00 to $36.00 in a research report report published on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Evercore ISI decreased their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $32.00 to $39.00 in a research note on Wednesday. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Performance

ENR stock opened at $38.30 on Wednesday. The business has a 50 day moving average of $32.36 and a 200-day moving average of $30.68. The firm has a market cap of $2.75 billion, a PE ratio of 73.66 and a beta of 1.04. Energizer has a 12-month low of $26.92 and a 12-month high of $39.21. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s payout ratio is currently 230.77%.

Insider Activity at Energizer

In other news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by company insiders.

Institutional Trading of Energizer

A number of hedge funds and other institutional investors have recently bought and sold shares of ENR. Neo Ivy Capital Management bought a new position in Energizer in the 3rd quarter worth about $30,000. Clearstead Trust LLC raised its stake in Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares in the last quarter. Quarry LP bought a new stake in Energizer during the third quarter valued at approximately $39,000. Prospera Private Wealth LLC purchased a new position in Energizer in the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Energizer in the 2nd quarter worth $65,000. Institutional investors 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.