StockNews.com Downgrades Energizer (NYSE:ENR) to Hold

Energizer (NYSE:ENR) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently issued reports on ENR. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. UBS Group lowered their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley increased their price objective on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lifted their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Trading Up 0.0 %

NYSE:ENR opened at $35.29 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of 67.87 and a beta of 1.07. The stock’s fifty day moving average price is $36.14 and its two-hundred day moving average price is $32.67. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Insider Transactions at Energizer

In other news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the transaction, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,860 shares of company stock worth $334,694. Company insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ENR. Clarkston Capital Partners LLC increased its holdings in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the period. Dimensional Fund Advisors LP increased its holdings in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the period. Verition Fund Management LLC increased its holdings in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares during the period. Zacks Investment Management purchased a new position in Energizer during the 3rd quarter valued at about $3,910,000. Finally, Profit Investment Management LLC purchased a new position in Energizer during the 3rd quarter valued at about $2,238,000. 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.