Energizer (NYSE:ENR) Upgraded at StockNews.com

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research report released on Thursday.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group boosted their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Truist Financial raised their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Stock Down 2.7 %

NYSE ENR opened at $34.81 on Thursday. The business has a fifty day moving average price of $35.94 and a 200 day moving average price of $32.48. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. The company has a market cap of $2.50 billion, a P/E ratio of 66.94 and a beta of 1.06. Energizer has a one year low of $26.92 and a one year high of $39.51.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Wednesday, November 27th. Energizer’s payout ratio is 230.77%.

Insider Activity at Energizer

In related news, 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 value of $108,233.88. Following the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,860 shares of company stock worth $334,694. Company insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Several hedge funds have recently made changes to their positions in ENR. GAMMA Investing LLC increased its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Energizer in the third quarter worth $30,000. Clearstead Trust LLC increased its position in shares of Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares during the period. Quarry LP acquired a new stake in shares of Energizer in the third quarter valued at $39,000. Finally, Prospera Private Wealth LLC purchased a new position in Energizer in the third quarter valued at $42,000. Institutional investors and hedge funds 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.