UBS Group Issues Pessimistic Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its price target cut by investment analysts at UBS Group from $39.00 to $38.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 7.76% from the stock’s previous close.

Several other research analysts have also issued reports on the company. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group upped their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Trading Up 0.9 %

Shares of NYSE ENR traded up $0.31 during midday trading on Thursday, hitting $35.26. 197,691 shares of the company traded hands, compared to its average volume of 546,061. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51. The firm has a market cap of $2.54 billion, a P/E ratio of 67.81 and a beta of 1.07. The stock has a 50-day moving average price of $36.06 and a 200 day moving average price of $32.59. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80.

Insiders Place Their Bets

In other news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the transaction, the executive vice president now owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

Several large investors have recently modified their holdings of ENR. American Century Companies Inc. grew its stake in shares of Energizer by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 113,107 shares of the company’s stock valued at $3,341,000 after purchasing an additional 13,899 shares during the period. Federated Hermes Inc. grew its position in Energizer by 21.5% during the second quarter. Federated Hermes Inc. now owns 158,302 shares of the company’s stock valued at $4,676,000 after buying an additional 27,959 shares during the period. Dimensional Fund Advisors LP increased its holdings in Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares during the last quarter. Hsbc Holdings PLC raised its position in Energizer by 8.9% in the second quarter. Hsbc Holdings PLC now owns 11,011 shares of the company’s stock worth $326,000 after acquiring an additional 898 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Energizer in the second quarter worth approximately $65,000. Institutional investors own 93.74% of the company’s stock.

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.