Energizer (NYSE:ENR) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other research firms have also recently weighed in on ENR. Barclays lifted their price objective on shares of Energizer from $31.00 to $32.00 and gave the company an overweight rating in a report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on Energizer from $28.00 to $29.00 and gave the stock an underweight rating in a research report on Wednesday, August 7th. Evercore ISI decreased their target price on Energizer from $42.00 to $40.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reissued a sector perform rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Finally, Truist Financial upgraded shares of Energizer from a hold rating to a buy rating and upped their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $34.38.

Energizer Price Performance

Shares of NYSE ENR opened at $31.25 on Tuesday. 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 52 week low of $26.92 and a 52 week high of $36.72. The business’s 50 day moving average price is $30.22 and its 200 day moving average price is $29.39. The firm has a market cap of $2.24 billion, a P/E ratio of 26.26 and a beta of 1.04.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million for the quarter, compared to the consensus estimate of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, sell-side analysts expect that Energizer will post 3.27 earnings per share for the current year.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 3.84%. Energizer’s payout ratio is 100.84%.

Institutional Investors Weigh In On Energizer

A number of institutional investors have recently made changes to their positions in ENR. Sanctuary Advisors LLC purchased a new position in shares of Energizer in the second quarter valued at approximately $282,000. Creative Planning raised its stake in shares of Energizer by 95.2% in the second quarter. Creative Planning now owns 17,327 shares of the company’s stock valued at $512,000 after acquiring an additional 8,450 shares in the last quarter. Algert Global LLC purchased a new position in Energizer in the second quarter valued at $203,000. SkyView Investment Advisors LLC grew its stake in Energizer by 17.0% during the 2nd quarter. SkyView Investment Advisors LLC now owns 17,840 shares of the company’s stock worth $527,000 after purchasing an additional 2,588 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Energizer by 4.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,732 shares of the company’s stock valued at $1,085,000 after purchasing an additional 1,562 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.