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

Energizer (NYSE:ENR) had its price target dropped by investment analysts at Barclays from $36.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 7.81% from the stock’s current price.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. UBS Group cut their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Finally, StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Seven 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 currently has an average rating of “Hold” and an average price target of $37.88.

Energizer Stock Down 0.3 %

Shares of NYSE:ENR opened at $29.68 on Thursday. Energizer has a 12 month low of $26.92 and a 12 month high of $39.52. The firm has a market cap of $2.14 billion, a P/E ratio of 37.57 and a beta of 1.09. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $33.05.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. As a group, research analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Energizer

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Energizer during the 3rd quarter worth approximately $30,000. Public Employees Retirement System of Ohio bought a new position in Energizer in the fourth quarter valued at approximately $43,000. Quarry LP acquired a new position in shares of Energizer in the third quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.