Energizer (NYSE:ENR) Raised to “Buy” at StockNews.com

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

A number of other equities research analysts have also issued reports on the company. Truist Financial upped their target price on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group lifted their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.63.

Energizer Price Performance

NYSE ENR traded up $0.98 during mid-day trading on Thursday, hitting $35.80. The stock had a trading volume of 862,889 shares, compared to its average volume of 655,568. The company has a 50 day simple moving average of $35.82 and a 200 day simple moving average of $32.40. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 68.85 and a beta of 1.06. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insider Transactions at Energizer

In other news, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,860 shares of company stock worth $334,694. Company insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

A number of hedge funds have recently made changes to their positions in ENR. GAMMA Investing LLC grew its stake in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after buying an additional 356 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Energizer in the third quarter worth approximately $30,000. Clearstead Trust LLC increased its stake in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 820 shares during the last quarter. Quarry LP bought a new position in shares of Energizer during the 3rd quarter valued at $39,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Energizer in the 3rd quarter valued at $42,000. 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.