Zacks Research upgraded shares of Energizer (NYSE:ENR – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.
Other analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price objective on Energizer from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Truist Financial lifted their target price on Energizer from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. UBS Group lowered their price target on Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Barclays raised their price objective on Energizer from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Energizer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of “Hold” and a consensus price target of $31.00.
Read Our Latest Stock Analysis on Energizer
Energizer Stock Performance
Energizer (NYSE:ENR – Get Free Report) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $684.10 million during the quarter. Energizer had a net margin of 8.60% and a return on equity of 181.90%. Analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.
Energizer Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, August 21st. Energizer’s dividend payout ratio is 34.58%.
Institutional Investors Weigh In On Energizer
Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in shares of Energizer by 27.8% in the 3rd quarter. Blue Trust Inc. now owns 2,407 shares of the company’s stock worth $60,000 after buying an additional 524 shares during the last quarter. Vista Investment Partners LLC raised its position in Energizer by 48.4% in the third quarter. Vista Investment Partners LLC now owns 21,135 shares of the company’s stock worth $526,000 after acquiring an additional 6,894 shares during the period. CWM LLC boosted its stake in Energizer by 234.4% in the third quarter. CWM LLC now owns 13,004 shares of the company’s stock valued at $324,000 after acquiring an additional 9,115 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Energizer during the 3rd quarter valued at approximately $1,439,000. Finally, AdvisorNet Financial Inc bought a new position in shares of Energizer during the 3rd quarter valued at approximately $29,000. 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.
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