Energizer’s (ENR) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Energizer (NYSE:ENR)‘s stock had its “sector perform” rating reiterated by Royal Bank of Canada in a report issued on Wednesday, Benzinga reports. They presently have a $38.00 price objective on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.65% from the company’s previous close.

A number of other research firms have also recently weighed in on ENR. UBS Group raised their price target on Energizer from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a research note on Wednesday, May 8th. Barclays upped their price target on shares of Energizer from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Canaccord Genuity Group lowered 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. Finally, Evercore ISI reduced their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.00.

Energizer Price Performance

Shares of ENR stock traded up $0.47 during mid-day trading on Wednesday, reaching $29.77. The company’s stock had a trading volume of 185,854 shares, compared to its average volume of 517,923. The firm’s 50-day moving average is $29.50 and its two-hundred day moving average is $29.46. The company has a market cap of $2.14 billion, a P/E ratio of 24.97 and a beta of 1.05. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03.

Energizer (NYSE:ENR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The firm had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts predict that Energizer will post 3.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. M&G Plc bought a new position in shares of Energizer during the 1st quarter worth approximately $5,174,000. Vanguard Group Inc. grew its holdings in Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in Energizer during the 4th quarter worth $1,234,000. Allspring Global Investments Holdings LLC boosted its position in shares of Energizer by 14,545.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock valued at $1,492,000 after acquiring an additional 50,326 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Energizer by 197.4% in the fourth quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after acquiring an additional 105,622 shares in the last quarter. Institutional investors and hedge funds 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.