Barclays Lowers Energizer (NYSE:ENR) Price Target to $24.00

Energizer (NYSE:ENR) had its price objective cut by research analysts at Barclays from $26.00 to $24.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 10.02% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Truist Financial reduced their target price on Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. UBS Group dropped their price target on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Canaccord Genuity Group dropped their price target on Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus target price of $31.38.

Energizer Stock Performance

Shares of NYSE ENR opened at $21.82 on Tuesday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 29.88 and a beta of 0.63. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. Energizer has a 1-year low of $19.70 and a 1-year high of $39.52. The stock’s 50-day moving average is $21.92 and its 200 day moving average is $27.60.

Energizer (NYSE:ENR) last announced its quarterly earnings data 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 firm had revenue of $662.90 million for the quarter, compared to analysts’ expectations of $670.85 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 earnings per share. On average, sell-side analysts anticipate that Energizer will post 3.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the completion of the purchase, the chief executive officer directly owned 277,645 shares in the company, valued at approximately $6,016,567.15. The trade was a 1.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick J. Moore acquired 10,000 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $23.10 per share, with a total value of $231,000.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 25,000 shares of company stock worth $578,140 over the last quarter. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

Several hedge funds have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Energizer by 58.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company’s stock valued at $62,658,000 after purchasing an additional 775,221 shares during the last quarter. LSV Asset Management lifted its stake in shares of Energizer by 28.4% in the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company’s stock valued at $69,648,000 after purchasing an additional 515,124 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Energizer by 66.7% in 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 last quarter. Raymond James Financial Inc. purchased a new stake in shares of Energizer in the fourth quarter worth approximately $11,718,000. Finally, Nuveen LLC purchased a new stake in shares of Energizer in the first quarter worth approximately $9,069,000. 93.74% of the stock is owned by hedge funds and other 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.