Barclays Lowers Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR) had its price objective dropped by Barclays from $36.00 to $32.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 16.62% from the stock’s current price.

Separately, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

Energizer Stock Down 0.4 %

Shares of ENR stock opened at $27.44 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of 21.27 and a beta of 1.06. Energizer has a one year low of $27.31 and a one year high of $37.32. The stock has a fifty day moving average price of $29.07 and a 200 day moving average price of $30.80. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The firm had revenue of $716.60 million during the quarter, compared to analyst estimates of $710.73 million. During the same period in the prior year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts predict that Energizer will post 3.21 earnings per share for the current year.

Institutional Trading of Energizer

A number of hedge funds and other institutional investors have recently made changes to their positions in ENR. KBC Group NV acquired a new stake in Energizer in the fourth quarter worth about $25,000. Jones Financial Companies Lllp acquired a new stake in Energizer in the third quarter worth about $32,000. Ancora Advisors LLC acquired a new stake in Energizer in the first quarter worth about $37,000. Signaturefd LLC increased its position in Energizer by 35.3% in the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock worth $44,000 after purchasing an additional 361 shares during the period. Finally, Captrust Financial Advisors increased its position in Energizer by 107.4% in the first quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock worth $62,000 after purchasing an additional 1,043 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

About Energizer

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.