StockNews.com Upgrades Energizer (NYSE:ENR) to “Buy”

Energizer (NYSE:ENR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other brokerages also recently commented on ENR. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Truist Financial lifted their price target on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group increased their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $37.63.

Energizer Trading Up 2.8 %

Shares of ENR traded up $0.98 during trading hours on Thursday, reaching $35.80. 862,889 shares of the company traded hands, compared to its average volume of 655,568. The stock’s fifty day moving average price is $35.82 and its 200 day moving average price is $32.40. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 68.85 and a beta of 1.06. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 in the last quarter. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after purchasing an additional 19,836 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Energizer during the third quarter worth $584,000. Seizert Capital Partners LLC grew its position in Energizer by 29.0% in the 3rd quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after buying an additional 40,891 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after buying an additional 533,831 shares during the period. Finally, Gabelli Funds LLC raised its position in Energizer by 6.1% during the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after buying an additional 22,100 shares during 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.