Energizer (NYSE:ENR) Upgraded to Buy at StockNews.com

Energizer (NYSE:ENR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

ENR has been the topic of several other research reports. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price target on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Energizer currently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Performance

Shares of Energizer stock opened at $38.26 on Tuesday. The company has a market capitalization of $2.75 billion, a PE ratio of 73.91 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 current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The stock’s fifty day simple moving average is $32.74 and its 200 day simple moving average is $30.82.

Insider Activity

In related news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated 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 owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of hedge funds and other institutional investors have recently bought and sold shares of ENR. Clarkston Capital Partners LLC grew its holdings in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after purchasing an additional 533,831 shares during the period. Victory Capital Management Inc. grew its holdings in Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after purchasing an additional 245,285 shares during the period. Dimensional Fund Advisors LP grew its holdings in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after purchasing an additional 240,402 shares during the period. Verition Fund Management LLC grew its holdings in Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after purchasing an additional 190,195 shares during the period. Finally, Zacks Investment Management bought a new position in Energizer during the third quarter worth about $3,910,000. Institutional investors own 93.74% of the company’s stock.

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.