StockNews.com Downgrades Energizer (NYSE:ENR) to Hold

StockNews.com lowered shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a report issued on Monday.

Several other equities research analysts have also issued reports on the stock. Evercore ISI dropped their price objective 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. Barclays raised their price objective on Energizer from $32.00 to $34.00 and gave the company an overweight rating in a research report on Friday. Royal Bank of Canada reaffirmed a sector perform rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Truist Financial upgraded Energizer from a hold rating to a buy rating and raised their target price for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. upped their price target on Energizer from $29.00 to $32.00 and gave the stock an underweight rating in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $35.00.

Energizer Stock Up 0.8 %

Shares of NYSE ENR opened at $31.97 on Monday. The stock has a market capitalization of $2.30 billion, a PE ratio of 26.87 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The firm has a fifty day moving average of $30.44 and a 200-day moving average of $29.66. Energizer has a 52-week low of $26.92 and a 52-week high of $36.72.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, analysts anticipate that Energizer will post 3.27 EPS for the current year.

Energizer Dividend Announcement

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

Institutional Trading of Energizer

A number of hedge funds have recently made changes to their positions in the stock. Capital Insight Partners LLC boosted its stake in Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after acquiring an additional 330 shares during the last quarter. Arizona State Retirement System raised its stake in Energizer by 1.9% during the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Energizer by 0.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock worth $3,382,000 after buying an additional 382 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Energizer by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock worth $993,000 after acquiring an additional 500 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Energizer by 0.5% in the 1st quarter. Swiss National Bank now owns 134,525 shares of the company’s stock valued at $3,960,000 after acquiring an additional 700 shares during the last quarter. 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.