Energizer (NYSE:ENR) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Energizer from $28.00 to $29.00 and gave the company an underweight rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated a sector perform rating and issued a $38.00 price objective on shares of Energizer in a report on Wednesday, August 7th. Truist Financial upgraded Energizer from a hold rating to a buy rating and boosted their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Evercore ISI cut their price target on shares of Energizer from $42.00 to $40.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Finally, Barclays boosted their price objective on shares of Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Energizer has a consensus rating of Hold and an average price target of $34.38.

Energizer Stock Performance

Shares of ENR opened at $29.29 on Monday. Energizer has a 1 year low of $26.92 and a 1 year high of $36.72. The company’s 50 day simple moving average is $30.27 and its 200 day simple moving average is $29.32. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 24.61 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

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

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.20 annualized dividend and a dividend yield of 4.10%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Investors Weigh In On Energizer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Capital Insight Partners LLC lifted its stake in shares of Energizer by 2.5% in the second quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock worth $392,000 after acquiring an additional 330 shares in the last quarter. Arizona State Retirement System increased its holdings in Energizer by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock worth $564,000 after purchasing an additional 353 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Energizer by 0.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after purchasing an additional 382 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Energizer by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $993,000 after buying an additional 500 shares during the last quarter. Finally, Harvest Investment Advisors LLC grew its position in shares of Energizer by 1.6% during the fourth quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock worth $1,211,000 after buying an additional 588 shares in the last quarter. Hedge funds and other 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.