Energizer Holdings, Inc. (NYSE:ENR) Receives $31.63 Average Price Target from Analysts

Energizer Holdings, Inc. (NYSE:ENR) has been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.38.

Several research firms have recently weighed in on ENR. JPMorgan Chase & Co. dropped their price target on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Barclays dropped their price target on shares of Energizer from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday. Truist Financial dropped their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. UBS Group dropped their price target on shares of Energizer from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group dropped their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, May 7th.

Insiders Place Their Bets

In other Energizer news, Director Patrick J. Moore acquired 10,000 shares of the stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $346,500. This trade represents a 200.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Donal L. Mulligan acquired 10,000 shares of the stock in a transaction on Monday, May 19th. The shares were acquired at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $236,600. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 25,000 shares of company stock valued at $578,140. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CX Institutional acquired a new stake in shares of Energizer in the 1st quarter worth $33,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Energizer by 108.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock worth $33,000 after acquiring an additional 579 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Energizer in the 4th quarter worth $43,000. GAMMA Investing LLC lifted its stake in shares of Energizer by 306.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,563 shares of the company’s stock worth $52,000 after acquiring an additional 1,933 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of Energizer in the 1st quarter worth $53,000. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Down 2.2%

ENR stock opened at $21.60 on Friday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 29.58 and a beta of 0.63. Energizer has a 52 week low of $19.70 and a 52 week high of $39.52. The firm has a 50-day simple moving average of $21.92 and a 200-day simple moving average of $27.64. The company has a quick ratio of 0.86, a current ratio of 1.86 and a debt-to-equity ratio of 23.56.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $662.90 million for the quarter, compared to analyst estimates of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Equities analysts forecast that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date was Wednesday, May 21st. Energizer’s dividend payout ratio (DPR) is 164.38%.

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.