Energizer (NYSE:ENR) Given New $45.00 Price Target at Truist Financial

Energizer (NYSE:ENR) had its price objective upped by equities research analysts at Truist Financial from $40.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 18.14% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley boosted their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $34.00 to $36.00 in a report on Wednesday. Finally, Evercore ISI dropped their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Performance

NYSE:ENR opened at $38.09 on Wednesday. The firm has a market capitalization of $2.73 billion, a P/E ratio of 73.25 and a beta of 1.04. Energizer has a twelve month low of $26.92 and a twelve month high of $39.21. The company has a fifty day moving average of $31.99 and a 200-day moving average of $30.57. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insider Buying and Selling

In other news, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energizer

Institutional investors and hedge funds have recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in Energizer during the third quarter valued at approximately $30,000. Clearstead Trust LLC raised its stake in shares of Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 820 shares during the period. Quarry LP acquired a new position in shares of Energizer during the 3rd quarter valued at $39,000. Prospera Private Wealth LLC acquired a new position in shares of Energizer during the third quarter worth about $42,000. Finally, Avior Wealth Management LLC lifted its position in shares of Energizer by 22.4% during the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after purchasing an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.