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

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

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

Energizer Trading Up 2.7 %

NYSE ENR opened at $30.39 on Tuesday. The company has a 50-day moving average of $30.20 and a 200-day moving average of $29.38. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. Energizer has a 12 month low of $26.92 and a 12 month high of $36.72. The company has a market cap of $2.18 billion, a P/E ratio of 25.53 and a beta of 1.04.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping 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 firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. Energizer’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities analysts predict that Energizer will post 3.27 earnings per share for the current year.

Energizer Dividend Announcement

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

Institutional Trading of Energizer

Several large investors have recently modified their holdings of ENR. Clearstead Trust LLC lifted its stake in shares of Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Energizer during the 1st quarter worth approximately $64,000. Canada Pension Plan Investment Board acquired a new position in shares of Energizer in the 2nd quarter valued at approximately $65,000. SG Americas Securities LLC boosted its stake in shares of Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after buying an additional 919 shares during 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 valued at $135,000 after buying an additional 4,399 shares during 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.