UBS Group Lowers Energizer (NYSE:ENR) Price Target to $38.00

Energizer (NYSE:ENR) had its price objective dropped by UBS Group from $39.00 to $38.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 7.76% from the company’s previous close.

Several other brokerages have also recently issued reports on ENR. JPMorgan Chase & Co. reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Morgan Stanley lifted their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Truist Financial upped their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.38.

Energizer Price Performance

ENR traded up $0.31 during trading on Thursday, hitting $35.26. 197,691 shares of the company traded hands, compared to its average volume of 546,061. The company has a market cap of $2.54 billion, a PE ratio of 67.81 and a beta of 1.07. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51. 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 stock’s 50-day simple moving average is $36.06 and its two-hundred day simple moving average is $32.59.

Insider Activity at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the transaction, the executive vice president now owns 5,758 shares of the company’s stock, valued at $207,115.26. This represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,860 shares of company stock worth $334,694. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in ENR. US Bancorp DE raised its stake in shares of Energizer by 1.6% during the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after acquiring an additional 308 shares in the last quarter. GAMMA Investing LLC raised its position in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Energizer by 22.4% in the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after buying an additional 376 shares during the period. Eagle Bluffs Wealth Management LLC grew its position in shares of Energizer by 1.2% during the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 42,986 shares of the company’s stock worth $1,365,000 after buying an additional 508 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in shares of Energizer by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock valued at $583,000 after buying an additional 513 shares during the period. 93.74% of the stock is currently owned by institutional investors.

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.