Energizer (NYSE:ENR) Upgraded at StockNews.com

Energizer (NYSE:ENR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other brokerages also recently weighed in on ENR. JPMorgan Chase & Co. raised their price objective on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Barclays lifted their price target on shares of Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Evercore ISI lowered their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial upgraded shares of Energizer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.38.

Energizer Stock Down 0.4 %

Shares of ENR traded down $0.13 during mid-day trading on Monday, hitting $28.95. 444,480 shares of the company’s stock were exchanged, compared to its average volume of 555,457. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 24.33 and a beta of 1.04. The firm has a fifty day moving average of $30.27 and a two-hundred day moving average of $29.32. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The firm had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same period in the prior year, the company posted $0.54 earnings per share. Energizer’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Energizer will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On Energizer

Several hedge funds have recently made changes to their positions in ENR. Clearstead Trust LLC increased its stake in Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 820 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Energizer during the first quarter valued at approximately $64,000. Canada Pension Plan Investment Board bought a new stake in shares of Energizer during the second quarter valued at approximately $65,000. Quadrant Capital Group LLC raised its stake in shares of Energizer by 35.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after purchasing an additional 987 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares during the period. Institutional investors 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.