Energizer (NYSE:ENR) Given New $45.00 Price Target at Truist Financial

Energizer (NYSE:ENR) had its price objective lifted by Truist Financial from $40.00 to $45.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Evercore ISI cut 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. Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $39.00 in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Energizer currently has an average rating of “Hold” and an average target price of $37.63.

Energizer Price Performance

Shares of NYSE ENR opened at $38.31 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.21. The business has a 50 day moving average price of $32.17 and a two-hundred day moving average price of $30.62. The firm has a market cap of $2.75 billion, a PE ratio of 73.66 and a beta of 1.04.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Energizer’s payout ratio is currently 230.77%.

Insider Activity

In other news, EVP Robin Vauth sold 4,070 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the transaction, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares during the period. ProShare Advisors LLC grew its holdings in Energizer by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock worth $422,000 after buying an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Energizer by 21.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after buying an additional 4,310 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Energizer in the 1st quarter valued at approximately $297,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Energizer by 31.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after acquiring an additional 25,732 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.