JPMorgan Chase & Co. Raises Energizer (NYSE:ENR) Price Target to $29.00

Energizer (NYSE:ENR) had its price objective boosted by JPMorgan Chase & Co. from $28.00 to $29.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

Several other brokerages have also weighed in on ENR. Evercore ISI lowered their price objective on Energizer from $42.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday. Morgan Stanley upgraded 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, May 8th. Truist Financial lowered their price objective on Energizer from $35.00 to $30.00 and set a hold rating for the company in a research report on Wednesday, May 8th. UBS Group raised their price target on Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Finally, Barclays raised their price target on Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $33.13.

Energizer Price Performance

Shares of ENR stock traded down $0.27 during trading hours on Wednesday, reaching $29.92. The company had a trading volume of 327,830 shares, compared to its average volume of 520,327. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03. The stock has a fifty day moving average of $29.61 and a 200-day moving average of $29.44. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 25.14 and a beta of 1.05. Energizer has a 12-month low of $26.92 and a 12-month high of $36.72.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, equities analysts anticipate that Energizer will post 3.21 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, August 22nd. Energizer’s payout ratio is currently 100.84%.

Institutional Trading of Energizer

Several hedge funds have recently modified their holdings of ENR. Clearstead Trust LLC raised 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 valued at $32,000 after acquiring an additional 820 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Energizer in the first quarter valued at $64,000. Quadrant Capital Group LLC raised its stake in shares of Energizer by 35.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after acquiring an additional 987 shares in the last quarter. SG Americas Securities LLC raised its stake 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 valued at $125,000 after acquiring an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in Energizer by 2,650.0% in the second 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 in 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.