JPMorgan Chase & Co. Cuts Energizer (NYSE:ENR) Price Target to $38.00

Energizer (NYSE:ENR) had its price target cut by JPMorgan Chase & Co. from $39.00 to $38.00 in a research report report published on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

ENR has been the topic of several other reports. StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Truist Financial upped their price objective 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 upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Performance

Shares of ENR stock opened at $35.29 on Thursday. The firm’s 50 day moving average price is $36.14 and its 200-day moving average price is $32.67. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. Energizer has a one year low of $26.92 and a one year high of $39.51. The firm has a market cap of $2.54 billion, a P/E ratio of 67.87 and a beta of 1.07.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, November 27th. Energizer’s dividend payout ratio is presently 230.77%.

Insider Buying and Selling at Energizer

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its stake in Energizer by 1.6% during the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after purchasing an additional 308 shares during the period. GAMMA Investing LLC boosted its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the period. Avior Wealth Management LLC boosted its stake in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after purchasing an additional 376 shares during the period. Eagle Bluffs Wealth Management LLC lifted its stake in shares of Energizer by 1.2% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 42,986 shares of the company’s stock worth $1,365,000 after acquiring an additional 508 shares during the period. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Energizer by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock worth $583,000 after acquiring an additional 513 shares during the period. 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.