Evercore ISI Trims Energizer (NYSE:ENR) Target Price to $40.00

Energizer (NYSE:ENR) had its price objective dropped by Evercore ISI from $42.00 to $40.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective points to a potential upside of 33.07% from the company’s current price.

Several other analysts also recently weighed in on the stock. Truist Financial dropped their target price on shares of Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Barclays boosted their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Morgan Stanley raised shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a research report on Wednesday, May 8th. UBS Group upped their price objective on shares of Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Finally, Canaccord Genuity Group dropped their price objective on shares of Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.00.

Energizer Price Performance

Shares of NYSE:ENR traded up $0.76 on Wednesday, reaching $30.06. The company’s stock had a trading volume of 13,710 shares, compared to its average volume of 516,950. Energizer has a 52-week low of $26.92 and a 52-week high of $36.72. The company has a market cap of $2.16 billion, a P/E ratio of 25.14 and a beta of 1.05. The company has a 50-day simple moving average of $29.50 and a 200 day simple moving average of $29.46. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The business had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same period last year, the company posted $0.54 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that Energizer will post 3.21 EPS for the current fiscal year.

Institutional Trading of Energizer

Institutional investors and hedge funds have recently bought and sold shares of the business. M&G Plc acquired a new position in Energizer in the 1st quarter valued at $5,174,000. Vanguard Group Inc. increased its stake in Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Energizer in the 4th quarter valued at $1,234,000. Allspring Global Investments Holdings LLC increased its stake in Energizer by 14,545.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock valued at $1,492,000 after buying an additional 50,326 shares during the period. Finally, Verition Fund Management LLC increased its stake in Energizer by 197.4% in the 4th quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after buying an additional 105,622 shares during the period. 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.