Energizer (NYSE:ENR) Rating Lowered to Hold at StockNews.com

Energizer (NYSE:ENR - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Tuesday.

Several other research firms have also recently issued reports on ENR. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. Barclays cut shares of Energizer from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Morgan Stanley increased their target price on Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. UBS Group lowered their price target on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Truist Financial raised their price objective on Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Seven investment 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 has a consensus rating of "Hold" and an average target price of $38.38.

Energizer Trading Down 1.7 %

Shares of Energizer stock traded down $0.54 during mid-day trading on Tuesday, hitting $30.96. 459,824 shares of the stock were exchanged, compared to its average volume of 583,084. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 39.19 and a beta of 1.06. The company has a 50-day simple moving average of $34.60 and a 200 day simple moving average of $33.08. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $731.70 million for the quarter, compared to analysts' expectations of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. Research analysts forecast that Energizer will post 3.58 EPS for the current year.

Insider Buying and Selling

In other news, EVP Robin Vauth sold 4,070 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now owns 9,827 shares of the company's stock, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the firm's 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 sale, the vice president now directly owns 4,635 shares of the company's stock, valued at $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Energizer by 1.6% in the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company's stock valued at $622,000 after acquiring an additional 308 shares during the period. GAMMA Investing LLC lifted its holdings in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after purchasing an additional 356 shares during the period. Russell Investments Group Ltd. lifted its holdings in Energizer by 21.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock worth $71,000 after purchasing an additional 360 shares during the period. Avior Wealth Management LLC lifted its holdings in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company's stock worth $65,000 after purchasing an additional 376 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Energizer by 2.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company's stock valued at $591,000 after acquiring an additional 386 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

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.