Energizer (NYSE:ENR) PT Lowered to $28.00

Energizer (NYSE:ENR) had its price objective cut by JPMorgan Chase & Co. from $29.00 to $28.00 in a report released on Monday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also recently issued reports on the stock. UBS Group increased their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a report on Wednesday, May 8th. Truist Financial lowered their target price on Energizer from $35.00 to $30.00 and set a hold rating for the company in a report on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price target on the stock in a report on Wednesday, May 8th. Canaccord Genuity Group decreased their price objective on Energizer from $33.00 to $32.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Finally, Barclays raised their price objective on Energizer from $31.00 to $32.00 and gave the company an overweight rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Energizer has a consensus rating of Hold and a consensus price target of $32.00.

Energizer Stock Performance

Energizer stock opened at $30.60 on Monday. Energizer has a 1-year low of $26.92 and a 1-year high of $37.32. The company’s 50-day moving average is $29.35 and its 200 day moving average is $29.55. The firm has a market capitalization of $2.20 billion, a P/E ratio of 25.71 and a beta of 1.05. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The company had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. During the same quarter in the previous year, the business earned $0.64 EPS. Energizer’s revenue was down 3.0% compared to the same quarter last year. Research analysts forecast that Energizer will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 3.92%. Energizer’s dividend payout ratio (DPR) is 100.84%.

Institutional Investors Weigh In On Energizer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Wellington Management Group LLP grew its stake in shares of Energizer by 22.8% during the third quarter. Wellington Management Group LLP now owns 182,232 shares of the company’s stock worth $5,839,000 after acquiring an additional 33,895 shares during the last quarter. Vanguard Group Inc. grew its position in Energizer by 13.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Energizer by 230.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 55,215 shares of the company’s stock valued at $1,749,000 after purchasing an additional 38,520 shares in the last quarter. Capital Insight Partners LLC raised its holdings in shares of Energizer by 11.3% in the fourth quarter. Capital Insight Partners LLC now owns 9,126 shares of the company’s stock worth $289,000 after buying an additional 924 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of Energizer by 1.5% in the fourth quarter. CENTRAL TRUST Co now owns 32,278 shares of the company’s stock worth $1,023,000 after buying an additional 483 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.