StockNews.com Lowers Energizer (NYSE:ENR) to Hold

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

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

Energizer Stock Performance

NYSE:ENR opened at $30.39 on Tuesday. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 25.53 and a beta of 1.04. The firm’s fifty day moving average price is $30.20 and its 200 day moving average price is $29.38. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72.

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

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Investors Weigh In On Energizer

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Clearstead Trust LLC increased its position in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 820 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Energizer during the 1st quarter worth about $64,000. Canada Pension Plan Investment Board acquired a new position in Energizer in the 2nd quarter valued at about $65,000. SG Americas Securities LLC lifted its holdings in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after purchasing an additional 4,399 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.