Canaccord Genuity Group Cuts Energizer (NYSE:ENR) Price Target to $27.00

Energizer (NYSE:ENR) had its price target reduced by Canaccord Genuity Group from $31.00 to $27.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other research firms have also commented on ENR. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Barclays reduced their target price on shares of Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Truist Financial reduced their target price on Energizer from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.50.

Energizer Stock Down 2.7 %

Shares of NYSE:ENR opened at $21.54 on Wednesday. Energizer has a 52 week low of $21.49 and a 52 week high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The company has a market capitalization of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77. The company has a 50 day moving average price of $27.82 and a two-hundred day moving average price of $32.11.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $662.90 million during the quarter, compared to analyst estimates of $670.85 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Analysts forecast that Energizer will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Wednesday, May 21st. Energizer’s payout ratio is presently 164.38%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Energizer by 28.4% during the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company’s stock valued at $69,648,000 after buying an additional 515,124 shares in the last quarter. Millennium Management LLC increased its position in Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock valued at $43,265,000 after purchasing an additional 496,146 shares during the period. Raymond James Financial Inc. bought a new stake in Energizer during the 4th quarter valued at approximately $11,718,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Energizer in the 4th quarter worth approximately $7,685,000. Finally, Balyasny Asset Management L.P. raised its holdings in Energizer by 427.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company’s stock worth $9,417,000 after buying an additional 218,759 shares during the last quarter. 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.