Energizer (NYSE:ENR) Price Target Lowered to $32.00 at Barclays

Energizer (NYSE:ENR) had its price target trimmed by Barclays from $36.00 to $32.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on ENR. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and an average price target of $37.88.

Energizer Trading Up 0.8 %

Shares of ENR stock opened at $29.78 on Thursday. Energizer has a twelve month low of $26.92 and a twelve month high of $39.52. The stock’s fifty day simple moving average is $31.57 and its 200 day simple moving average is $33.04. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The firm has a market capitalization of $2.15 billion, a P/E ratio of 37.70 and a beta of 1.09.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s dividend payout ratio (DPR) is presently 151.90%.

Institutional Trading of Energizer

Several large investors have recently modified their holdings of ENR. GAMMA Investing LLC lifted its position in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Neo Ivy Capital Management bought a new stake in Energizer in the third quarter valued at $30,000. Quarry LP acquired a new position in shares of Energizer during the third quarter valued at about $39,000. Public Employees Retirement System of Ohio bought a new position in shares of Energizer during the 4th quarter worth about $43,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after buying an additional 753 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.