Energizer (NYSE:ENR) PT Raised to $40.00

Energizer (NYSE:ENR) had its price target boosted by Truist Financial from $35.00 to $40.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also recently commented on ENR. Barclays dropped their target price on shares of Energizer from $40.00 to $34.00 and set an overweight rating on the stock in a research report on Thursday, October 12th. JPMorgan Chase & Co. cut shares of Energizer from a neutral rating to an underweight rating and set a $33.00 target price on the stock. in a research report on Wednesday. StockNews.com cut shares of Energizer from a buy rating to a hold rating in a research report on Friday, October 13th. Morgan Stanley cut shares of Energizer from an equal weight rating to an underweight rating and set a $33.00 target price on the stock. in a research report on Wednesday. Finally, Royal Bank of Canada cut shares of Energizer from an outperform rating to a sector perform rating and dropped their target price for the stock from $40.00 to $38.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $35.86.

Energizer Price Performance

Shares of NYSE ENR opened at $32.18 on Wednesday. Energizer has a fifty-two week low of $27.68 and a fifty-two week high of $37.89. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 16.59 and a beta of 1.04. The company has a debt-to-equity ratio of 15.81, a quick ratio of 1.11 and a current ratio of 2.12. The firm’s 50-day simple moving average is $32.31 and its 200 day simple moving average is $33.54.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. Energizer had a net margin of 4.75% and a return on equity of 136.42%. The business had revenue of $811.10 million for the quarter, compared to analysts’ expectations of $794.64 million. During the same quarter last year, the firm earned $0.82 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Energizer will post 3.15 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.73%. Energizer’s payout ratio is currently 61.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SkyView Investment Advisors LLC grew its stake in Energizer by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 13,413 shares of the company’s stock valued at $430,000 after buying an additional 409 shares in the last quarter. Creative Planning grew its stake in Energizer by 14.5% in the 3rd quarter. Creative Planning now owns 11,857 shares of the company’s stock valued at $380,000 after buying an additional 1,505 shares in the last quarter. Morgan Stanley grew its stake in Energizer by 17.1% in the 3rd quarter. Morgan Stanley now owns 753,156 shares of the company’s stock valued at $24,131,000 after buying an additional 110,153 shares in the last quarter. Toroso Investments LLC grew its stake in Energizer by 511.8% in the 3rd quarter. Toroso Investments LLC now owns 54,497 shares of the company’s stock valued at $1,746,000 after buying an additional 45,590 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Energizer during the 3rd quarter valued at $366,000. 83.74% of the stock is currently 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.