Barclays Has Lowered Expectations for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its price objective lowered by research analysts at Barclays from $26.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 10.02% from the stock’s current price.

ENR has been the subject of several other reports. UBS Group decreased their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Truist Financial reduced their price objective on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Canaccord Genuity Group dropped their target price on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.38.

Energizer Stock Up 1.0%

Shares of NYSE:ENR opened at $21.82 on Tuesday. Energizer has a 12 month low of $19.70 and a 12 month high of $39.52. The company’s 50-day moving average price is $21.92 and its two-hundred day moving average price is $27.60. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56. The firm has a market cap of $1.57 billion, a P/E ratio of 29.88 and a beta of 0.63.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. As a group, research analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Patrick J. Moore purchased 10,000 shares of Energizer stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the director owned 15,000 shares in the company, valued at approximately $346,500. This trade represents a 200.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donal L. Mulligan purchased 10,000 shares of Energizer stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $236,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

Several hedge funds and other institutional investors have recently made changes to their positions in ENR. CX Institutional bought a new stake in Energizer in the first quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in Energizer by 108.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock valued at $33,000 after acquiring an additional 579 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Energizer in the fourth quarter valued at approximately $43,000. GAMMA Investing LLC boosted its holdings in Energizer by 306.8% in the second quarter. GAMMA Investing LLC now owns 2,563 shares of the company’s stock valued at $52,000 after acquiring an additional 1,933 shares during the last quarter. Finally, Curat Global LLC bought a new position in shares of Energizer during the 1st quarter worth approximately $53,000. 93.74% of the stock is currently owned by institutional investors.

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.