Energizer (NYSE:ENR) Given Hold (C) Rating at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Energizer (NYSE:ENR) in a research report sent to investors on Tuesday,Weiss Ratings reports.

ENR has been the subject of a number of other research reports. UBS Group dropped their target price on Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Wall Street Zen cut Energizer from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lifted their target price on Energizer from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Barclays lifted their target price on Energizer from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Truist Financial lifted their target price on Energizer from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Energizer Stock Up 0.7%

Shares of ENR opened at $23.91 on Tuesday. The business’s 50 day moving average is $27.33 and its 200 day moving average is $25.05. The company has a market capitalization of $1.63 billion, a PE ratio of 6.89 and a beta of 0.62. Energizer has a 12-month low of $19.70 and a 12-month high of $39.51. The company has a current ratio of 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The business had revenue of $684.10 million for the quarter. Research analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Thursday, August 21st. Energizer’s payout ratio is presently 34.58%.

Institutional Investors Weigh In On Energizer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC purchased a new stake in Energizer in the third quarter valued at about $1,439,000. AdvisorNet Financial Inc purchased a new stake in Energizer in the third quarter valued at about $29,000. Public Sector Pension Investment Board raised its stake in Energizer by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 223,699 shares of the company’s stock valued at $4,510,000 after buying an additional 15,377 shares during the last quarter. FORA Capital LLC purchased a new stake in Energizer in the second quarter valued at about $236,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Energizer by 33.2% in the second quarter. CANADA LIFE ASSURANCE Co now owns 124,118 shares of the company’s stock valued at $2,504,000 after buying an additional 30,957 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.