Energizer Holdings, Inc. (NYSE:ENR) Given Average Rating of “Hold” by Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $38.38.

ENR has been the subject of several analyst reports. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Truist Financial increased their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th.

Energizer Stock Performance

Energizer stock opened at $34.37 on Friday. The business has a 50 day moving average of $36.24 and a 200-day moving average of $32.87. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51. The company has a market capitalization of $2.48 billion, a P/E ratio of 66.10 and a beta of 1.07.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. Energizer’s dividend payout ratio is currently 230.77%.

Insider Transactions at Energizer

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 in the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in Energizer by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 113,107 shares of the company’s stock worth $3,341,000 after purchasing an additional 13,899 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Energizer by 38.0% in the 2nd 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 lifted its stake in Energizer by 8.9% during the 2nd quarter. Hsbc Holdings PLC now owns 11,011 shares of the company’s stock valued at $326,000 after acquiring an additional 898 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Energizer during the 2nd quarter worth $65,000. Finally, Sei Investments Co. grew its stake in shares of Energizer by 26.6% in the 2nd quarter. Sei Investments Co. now owns 19,394 shares of the company’s stock worth $573,000 after acquiring an additional 4,076 shares in the last quarter. Institutional investors and hedge funds 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.