Energizer (NYSE:ENR) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research report report published on Monday morning.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Evercore ISI cut their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Barclays boosted their price target on Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Energizer presently has a consensus rating of “Hold” and an average price target of $35.00.

Energizer Price Performance

Shares of NYSE ENR opened at $32.48 on Monday. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The business has a 50-day moving average of $30.54 and a 200-day moving average of $29.69. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 27.29 and a beta of 1.04.

Energizer (NYSE:ENR) last released 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 business had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Energizer will post 3.27 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. 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 institutional investors and hedge funds have recently made changes to their positions in ENR. Clearstead Trust LLC raised its position in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 820 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Energizer during the 1st quarter worth approximately $64,000. Canada Pension Plan Investment Board acquired a new stake in shares of Energizer during the 2nd quarter worth approximately $65,000. SG Americas Securities LLC raised its position in shares of Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in shares of Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after purchasing an additional 4,399 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.