TheStreet Lowers Energizer (NYSE:ENR) to D+

TheStreet downgraded shares of Energizer (NYSE:ENRGet Rating) from a c rating to a d+ rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.

A number of other research firms have also recently commented on ENR. JPMorgan Chase & Co. lowered their price target on shares of Energizer from $32.00 to $27.00 and set a neutral rating on the stock in a report on Thursday, October 13th. The Goldman Sachs Group lowered their target price on shares of Energizer from $37.00 to $32.00 and set a neutral rating on the stock in a report on Monday, October 10th. Barclays lowered their target price on shares of Energizer from $38.00 to $36.00 and set an overweight rating on the stock in a report on Wednesday, August 10th. StockNews.com started coverage on shares of Energizer in a report on Wednesday, October 12th. They set a hold rating on the stock. Finally, Morgan Stanley boosted their price target on shares of Energizer from $32.00 to $33.00 and gave the company an equal weight rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $33.86.

Energizer Price Performance

Shares of NYSE ENR opened at $32.04 on Tuesday. Energizer has a twelve month low of $24.81 and a twelve month high of $41.62. The stock’s 50 day moving average price is $27.89 and its 200-day moving average price is $29.07. The company has a market capitalization of $2.28 billion, a PE ratio of -9.83 and a beta of 1.02. The company has a quick ratio of 0.96, a current ratio of 2.28 and a debt-to-equity ratio of 26.79.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 28th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $1.20 annualized dividend and a yield of 3.75%. Energizer’s dividend payout ratio (DPR) is presently -36.81%.

Insider Buying and Selling

In related news, CEO Mark Stephen Lavigne bought 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of $30.49 per share, for a total transaction of $91,470.00. Following the completion of the transaction, the chief executive officer now owns 150,323 shares of the company’s stock, valued at $4,583,348.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is owned by company insiders.

Institutional Trading of Energizer

Several institutional investors have recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC purchased a new stake in Energizer during the third quarter valued at about $95,137,000. Armistice Capital LLC boosted its position in Energizer by 103.1% during the third quarter. Armistice Capital LLC now owns 1,552,000 shares of the company’s stock valued at $39,017,000 after buying an additional 788,000 shares during the period. Victory Capital Management Inc. boosted its position in Energizer by 252.3% during the first quarter. Victory Capital Management Inc. now owns 779,735 shares of the company’s stock valued at $23,618,000 after buying an additional 558,431 shares during the period. Vanguard Group Inc. raised its stake in shares of Energizer by 6.4% during the first quarter. Vanguard Group Inc. now owns 7,147,097 shares of the company’s stock valued at $219,845,000 after acquiring an additional 430,866 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Energizer by 10.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,799,412 shares of the company’s stock valued at $116,870,000 after acquiring an additional 374,567 shares during the last quarter. 84.65% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Company Profile

(Get Rating)

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.

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Analyst Recommendations for Energizer (NYSE:ENR)

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