Energizer Holdings, Inc. (NYSE:ENR) Receives $37.63 Average Price Target from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $37.63.

Several brokerages recently commented on ENR. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th.

Insider Activity at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now directly owns 9,827 shares of the company’s stock, valued at $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, 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 quarter, insiders have sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of Energizer

A number of institutional investors and hedge funds have recently bought and sold shares of ENR. Neo Ivy Capital Management purchased a new position in Energizer during the 3rd quarter valued at approximately $30,000. Clearstead Trust LLC boosted 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 valued at $32,000 after acquiring an additional 820 shares during the last quarter. Quarry LP purchased a new position in shares of Energizer in the third quarter valued at $39,000. Prospera Private Wealth LLC bought a new stake in Energizer in the third quarter worth $42,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Energizer during the second quarter valued at $65,000. 93.74% of the stock is currently owned by institutional investors.

Energizer Trading Down 0.2 %

NYSE:ENR opened at $35.44 on Wednesday. The company has a market cap of $2.56 billion, a PE ratio of 68.16 and a beta of 1.06. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The company has a 50 day simple moving average of $35.38 and a two-hundred day simple moving average of $31.99. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.39%. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

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.