Barclays Forecasts Strong Price Appreciation for Energizer (NYSE:ENR) Stock

Energizer (NYSE:ENR) had its target price boosted by equities researchers at Barclays from $25.00 to $26.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 8.87% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. UBS Group lowered their target price on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Truist Financial decreased their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Canaccord Genuity Group lowered their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.63.

Energizer Price Performance

Shares of NYSE:ENR opened at $23.88 on Friday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 30.23 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The business’s 50 day simple moving average is $27.10 and its 200-day simple moving average is $31.79. Energizer has a 12 month low of $21.49 and a 12 month high of $39.52.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $662.90 million for the quarter, compared to analysts’ expectations of $670.85 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Energizer will post 3.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Energizer

In other news, CEO Mark Stephen Lavigne acquired 4,000 shares of Energizer stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the purchase, the chief executive officer now directly owns 277,645 shares of the company’s stock, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Moore bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director now owns 15,000 shares in the company, valued at approximately $346,500. This represents a 200.00% increase in their position. The disclosure for this purchase can be found here. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Energizer

Hedge funds have recently made changes to their positions in the business. CX Institutional acquired a new stake in Energizer in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its position in Energizer by 108.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after acquiring an additional 579 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Energizer in the 4th quarter worth approximately $43,000. Curat Global LLC acquired a new stake in Energizer in the first quarter valued at approximately $53,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.