Barclays Increases Energizer (NYSE:ENR) Price Target to $34.00

Energizer (NYSE:ENR) had its target price increased by Barclays from $32.00 to $34.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on ENR. JPMorgan Chase & Co. raised their price target on Energizer from $29.00 to $32.00 and gave the stock an underweight rating in a research note on Friday. Truist Financial raised shares of Energizer from a hold rating to a buy rating and raised their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI reduced their price objective on Energizer from $42.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday, August 7th. StockNews.com raised Energizer from a hold rating to a buy rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Energizer currently has a consensus rating of Hold and a consensus price target of $35.00.

Energizer Stock Up 2.1 %

ENR stock opened at $31.70 on Friday. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The stock has a market capitalization of $2.28 billion, a P/E ratio of 226.41 and a beta of 1.04. The business has a fifty day moving average price of $30.38 and a 200-day moving average price of $29.62.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts forecast that Energizer will post 3.27 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.79%. The ex-dividend date was Thursday, August 22nd. Energizer’s dividend payout ratio is presently 857.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Energizer by 192.5% in the 2nd 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 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the last quarter. M&G Plc bought a new stake in Energizer in the first quarter worth about $5,174,000. Vanguard Group Inc. grew its stake in shares of Energizer by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Energizer by 155.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company’s stock worth $3,827,000 after acquiring an additional 78,895 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.