Energizer Holdings, Inc. (NYSE:ENR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.38.

Several brokerages recently commented on ENR. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised their target price on Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th.

Institutional Trading of Energizer

A number of hedge funds and other institutional investors have recently made changes to their positions in ENR. Clearstead Trust LLC increased its stake in shares of Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 820 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Energizer in the first quarter valued at $64,000. Canada Pension Plan Investment Board acquired a new stake in shares of Energizer in the second quarter valued at $65,000. Quadrant Capital Group LLC increased its stake in shares of Energizer by 35.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after buying an additional 987 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after buying an additional 919 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Down 0.8 %

ENR opened at $29.07 on Monday. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 24.43 and a beta of 1.04. The business has a 50 day moving average of $30.25 and a 200-day moving average of $29.35.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same period in the prior year, the business earned $0.54 earnings per share. Energizer’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Energizer will post 3.27 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 4.13%. Energizer’s dividend payout ratio is currently 100.84%.

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.