Truist Financial Lowers Energizer (NYSE:ENR) Price Target to $30.00

Energizer (NYSE:ENR) had its price target reduced by analysts at Truist Financial from $35.00 to $30.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target points to a potential upside of 3.27% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Barclays reduced their price target on shares of Energizer from $36.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 price objective for the company in a research report on Wednesday. Finally, UBS Group increased their price objective on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.83.

Energizer Price Performance

Shares of NYSE ENR traded up $0.08 during mid-day trading on Wednesday, hitting $29.05. 47,365 shares of the stock were exchanged, compared to its average volume of 497,520. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32. The stock’s fifty day simple moving average is $28.41 and its two-hundred day simple moving average is $30.51. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. The company has a market cap of $2.09 billion, a P/E ratio of 22.79 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. As a group, analysts forecast that Energizer will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Energizer

Institutional investors have recently modified their holdings of the stock. Swiss National Bank boosted its holdings in shares of Energizer by 0.5% in the first quarter. Swiss National Bank now owns 134,525 shares of the company’s stock valued at $3,960,000 after buying an additional 700 shares during the period. SG Americas Securities LLC lifted its position in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Energizer by 3.3% during the first quarter. Texas Permanent School Fund Corp now owns 58,275 shares of the company’s stock worth $1,716,000 after purchasing an additional 1,858 shares during the last quarter. GSA Capital Partners LLP grew its position in Energizer by 64.2% in the first quarter. GSA Capital Partners LLP now owns 16,949 shares of the company’s stock valued at $499,000 after purchasing an additional 6,628 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Energizer in the 1st quarter valued at $64,000. 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.