Energizer Holdings, Inc. (NYSE:ENR) Receives $34.38 Consensus Price Target from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.00.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Evercore ISI lowered their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Barclays upped their price target on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th.

Energizer Stock Up 0.3 %

Shares of NYSE ENR opened at $32.09 on Friday. The firm’s 50-day simple moving average is $30.44 and its 200 day simple moving average is $29.66. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 26.96 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer has a 12-month low of $26.92 and a 12-month high of $36.72.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, research analysts expect 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Thursday, August 22nd. Energizer’s dividend payout ratio (DPR) is currently 100.84%.

Institutional Investors Weigh In On Energizer

Several large investors have recently made changes to their positions in the stock. Capital Insight Partners LLC boosted its holdings in shares of Energizer by 2.5% in the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after buying an additional 330 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Energizer by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in Energizer by 0.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after purchasing an additional 382 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Energizer by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $993,000 after purchasing an additional 500 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Energizer by 0.5% during the 1st quarter. Swiss National Bank now owns 134,525 shares of the company’s stock valued at $3,960,000 after purchasing an additional 700 shares during the last quarter. 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.