Energizer (NYSE:ENR) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a report issued on Thursday.

Other research analysts have also issued research reports about the stock. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Truist Financial upped their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Canaccord Genuity Group boosted their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.63.

Energizer Trading Down 0.5 %

Shares of NYSE ENR opened at $36.75 on Thursday. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. The business’s 50 day moving average price is $34.70 and its 200-day moving average price is $31.56. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 70.67 and a beta of 1.06. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.51.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Wednesday, November 27th. Energizer’s payout ratio is currently 230.77%.

Insider Buying and Selling at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,860 shares of company stock worth $334,694. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC boosted its position in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Energizer by 192.5% in the 2nd quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after acquiring an additional 245,285 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after acquiring an additional 240,402 shares in the last quarter. Verition Fund Management LLC raised its holdings in Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after purchasing an additional 190,195 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in shares of Energizer in the third quarter valued at $3,910,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.