UBS Group Cuts Energizer (NYSE:ENR) Price Target to $28.00

Energizer (NYSE:ENR) had its price objective trimmed by UBS Group from $36.00 to $28.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts have also commented on ENR. JPMorgan Chase & Co. cut their price objective on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Barclays cut their target price on shares of Energizer from $32.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, April 11th. Finally, StockNews.com lowered Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.00.

Energizer Trading Up 2.5 %

Shares of NYSE:ENR opened at $26.69 on Thursday. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. Energizer has a 1 year low of $25.42 and a 1 year high of $39.52. The company has a market cap of $1.93 billion, a P/E ratio of 33.78 and a beta of 0.92. The stock’s fifty day moving average price is $29.40 and its 200-day moving average price is $32.77.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same quarter last year, the firm posted $0.59 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer’s dividend payout ratio is currently 151.90%.

Hedge Funds Weigh In On Energizer

Several large investors have recently made changes to their positions in ENR. GAMMA Investing LLC raised its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. Russell Investments Group Ltd. grew its holdings in Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock valued at $71,000 after buying an additional 360 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Energizer by 2.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock valued at $591,000 after buying an additional 386 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after buying an additional 392 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Energizer by 4.1% during the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock worth $418,000 after acquiring an additional 470 shares during the last quarter. 93.74% 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.