Energizer (NYSE:ENR) Price Target Raised to $45.00

Energizer (NYSE:ENR) had its price target upped by Truist Financial from $40.00 to $45.00 in a report issued on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

ENR has been the topic of a number of other research reports. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $34.00 to $36.00 in a research note on Wednesday. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Evercore ISI lowered their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Energizer currently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Stock Performance

Shares of ENR opened at $38.31 on Wednesday. Energizer has a 1 year low of $26.92 and a 1 year high of $39.21. The company’s 50 day simple moving average is $32.17 and its 200 day simple moving average is $30.62. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 73.66 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.01 and a current ratio of 1.80.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, the executive vice president now owns 9,827 shares in the company, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Energizer by 27.7% in 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 during the period. ProShare Advisors LLC lifted its position in Energizer by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock worth $422,000 after acquiring an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Energizer by 21.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after acquiring an additional 4,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Energizer in the 1st quarter worth approximately $297,000. Finally, CANADA LIFE ASSURANCE Co grew its position in Energizer by 31.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after acquiring an additional 25,732 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Company Profile

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.