Energizer (NYSE:ENR) Given New $32.00 Price Target at Barclays

Energizer (NYSE:ENRFree Report) had its target price lowered by Barclays from $36.00 to $32.00 in a report issued on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, StockNews.com downgraded Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $35.00.

View Our Latest Stock Report on ENR

Energizer Price Performance

NYSE:ENR opened at $27.44 on Friday. The stock has a 50 day moving average price of $29.07 and a 200 day moving average price of $30.79. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03. The stock has a market cap of $1.97 billion, a PE ratio of 21.27 and a beta of 1.06. Energizer has a one year low of $27.31 and a one year high of $37.32.

Energizer (NYSE:ENRGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The business had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Tuesday, February 20th. Energizer’s dividend payout ratio (DPR) is 93.02%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ENR. FMR LLC increased its holdings in Energizer by 28.2% in the 3rd quarter. FMR LLC now owns 6,860,185 shares of the company’s stock valued at $219,800,000 after purchasing an additional 1,508,081 shares in the last quarter. Vanguard Group Inc. grew its stake in Energizer by 13.8% in the third quarter. Vanguard Group Inc. now owns 9,298,682 shares of the company’s stock worth $297,930,000 after purchasing an additional 1,126,158 shares in the last quarter. Millennium Management LLC acquired a new position in Energizer in the fourth quarter valued at approximately $22,902,000. Norges Bank acquired a new position in Energizer in the fourth quarter valued at approximately $16,559,000. Finally, Goldman Sachs Group Inc. boosted its stake in Energizer by 115.8% in the second quarter. Goldman Sachs Group Inc. now owns 553,681 shares of the company’s stock valued at $15,697,000 after acquiring an additional 297,086 shares during the period. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Energizer (NYSE:ENR)

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