Energizer (NYSE:ENR) Earns “Sector Perform” Rating from Royal Bank of Canada

Energizer (NYSE:ENR)‘s stock had its “sector perform” rating reiterated by stock analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $38.00 price target on the stock. Royal Bank of Canada’s target price indicates a potential upside of 11.11% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Truist Financial upped their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. UBS Group reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group increased their price objective on Energizer from $32.00 to $36.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.38.

Energizer Stock Performance

Energizer stock traded up $0.59 during mid-day trading on Thursday, hitting $34.20. The company had a trading volume of 38,954 shares, compared to its average volume of 493,624. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51. The company’s fifty day moving average is $36.09 and its 200-day moving average is $32.96. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 65.76 and a beta of 1.07.

Insiders Place Their Bets

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction 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 transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 over the last quarter. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

Institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after purchasing an additional 19,836 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Energizer in the third quarter worth about $584,000. Inspire Investing LLC boosted its position in shares of Energizer by 166.3% in the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock worth $1,210,000 after buying an additional 21,667 shares during the period. Seizert Capital Partners LLC boosted its position in shares of Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock worth $5,773,000 after buying an additional 40,891 shares during the period. Finally, Clarkston Capital Partners LLC boosted its holdings in Energizer by 12.6% in the third 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 last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.