Energizer (NYSE:ENR) Upgraded at Truist Financial

Truist Financial upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage currently has $40.00 target price on the stock, up from their prior target price of $30.00.

A number of other analysts have also commented on ENR. UBS Group lifted their price objective on Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price objective on the stock in a report on Wednesday, May 8th. Barclays lifted their target price on Energizer from $31.00 to $32.00 and gave the company an overweight rating in a research report on Friday, July 19th. Canaccord Genuity Group lowered their price target on Energizer from $33.00 to $32.00 and set a hold rating on the stock in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $34.38.

Energizer Price Performance

Energizer stock opened at $32.40 on Tuesday. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The business has a 50 day simple moving average of $30.11 and a 200 day simple moving average of $29.28. Energizer has a one year low of $26.92 and a one year high of $36.72. The company has a market capitalization of $2.33 billion, a PE ratio of 27.23 and a beta of 1.05.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. Energizer had a return on equity of 119.16% and a net margin of 2.97%. Energizer’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. On average, sell-side analysts forecast that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Thursday, August 22nd. Energizer’s dividend payout ratio is presently 100.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENR. Clearstead Trust LLC lifted its position in Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 820 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Energizer during the 1st quarter worth about $64,000. Canada Pension Plan Investment Board bought a new position in shares of Energizer in the second quarter valued at approximately $65,000. Quadrant Capital Group LLC boosted its holdings in Energizer by 35.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after purchasing an additional 987 shares during the period. Finally, SG Americas Securities LLC grew its position in Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after buying an additional 919 shares in the last quarter. 93.74% of the stock is 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.