Barclays Cuts Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR) had its price target lowered by Barclays from $36.00 to $32.00 in a report published on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

ENR has been the subject of a number of other reports. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group decreased their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.88.

Energizer Stock Down 0.3 %

Shares of ENR stock opened at $29.68 on Thursday. Energizer has a twelve month low of $26.92 and a twelve month high of $39.52. The stock has a market cap of $2.14 billion, a P/E ratio of 37.57 and a beta of 1.09. The stock has a 50 day moving average of $31.46 and a 200 day moving average of $33.08. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. As a group, sell-side analysts expect that Energizer will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.04%. Energizer’s dividend payout ratio is presently 151.90%.

Institutional Investors Weigh In On Energizer

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its position in shares of Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock valued at $43,265,000 after buying an additional 496,146 shares during the period. Raymond James Financial Inc. purchased a new stake in Energizer in the fourth quarter valued at $11,718,000. Brandywine Global Investment Management LLC acquired a new position in shares of Energizer in the 4th quarter valued at $7,685,000. Balyasny Asset Management L.P. grew its holdings in shares of Energizer by 427.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company’s stock worth $9,417,000 after purchasing an additional 218,759 shares during the period. Finally, Norges Bank purchased a new position in shares of Energizer during the 4th quarter worth $7,277,000. Hedge funds and other institutional investors 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.