Truist Financial Increases Energizer (NYSE:ENR) Price Target to $45.00

Energizer (NYSE:ENR) had its price objective lifted by Truist Financial from $40.00 to $45.00 in a research report report published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

ENR has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $32.00 to $39.00 in a research note on Wednesday. Canaccord Genuity Group increased 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. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $36.00 in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Finally, StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Energizer presently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Price Performance

Shares of Energizer stock opened at $37.67 on Wednesday. Energizer has a 1-year low of $26.92 and a 1-year high of $39.21. The firm’s 50-day moving average price is $31.99 and its two-hundred day moving average price is $30.57. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 269.09 and a beta of 1.04.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date is Wednesday, November 27th. Energizer’s payout ratio is 857.20%.

Insider Activity at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $207,115.26. This trade represents a 25.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Several large investors have recently made changes to their positions in the stock. Clarkston Capital Partners LLC raised its position in Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after acquiring an additional 533,831 shares in the last quarter. LSV Asset Management raised its holdings in shares of Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after purchasing an additional 31,900 shares during the period. Gamco Investors INC. ET AL lifted its stake in Energizer by 5.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after purchasing an additional 71,595 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after purchasing an additional 15,982 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Energizer by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock worth $29,587,000 after buying an additional 19,836 shares during the last quarter. Institutional investors and hedge funds 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.