Energizer (NYSE:ENR) Price Target Cut to $28.00

Energizer (NYSE:ENR) had its target price cut by JPMorgan Chase & Co. from $29.00 to $28.00 in a report published on Monday morning, Benzinga reports. They currently have an underweight rating on the stock.

ENR has been the topic of several other research reports. Truist Financial dropped their price objective on Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price target on the stock in a research note on Wednesday, May 8th. Canaccord Genuity Group reduced their price objective on shares of Energizer from $33.00 to $32.00 and set a hold rating for the company in a research report on Wednesday, May 8th. UBS Group upped their price objective on shares of Energizer from $30.00 to $31.00 and gave the company a neutral rating in a report on Wednesday, May 8th. Finally, Barclays raised their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Energizer presently has a consensus rating of Hold and an average target price of $32.00.

Energizer Trading Up 0.5 %

NYSE ENR opened at $30.77 on Monday. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. The stock has a 50 day moving average of $29.34 and a 200-day moving average of $29.55. The company has a market cap of $2.21 billion, a PE ratio of 25.85 and a beta of 1.05.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $663.30 million during the quarter, compared to analysts’ expectations of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Tuesday, May 21st. Energizer’s dividend payout ratio is 100.84%.

Institutional Trading of Energizer

Several hedge funds and other institutional investors have recently bought and sold shares of ENR. Central Pacific Bank Trust Division bought a new position in shares of Energizer during the first quarter worth approximately $64,000. Quadrant Capital Group LLC increased its stake in Energizer by 35.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after acquiring an additional 987 shares during the period. SG Americas Securities LLC raised its holdings in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after acquiring an additional 919 shares in the last quarter. Welch Group LLC bought a new stake in shares of Energizer during the 2nd quarter valued at $207,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Energizer during the 4th quarter worth $215,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

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.