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 note issued to investors on Friday.

Several other research firms have also weighed in on ENR. Morgan Stanley increased their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Truist Financial raised their price target on Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Barclays downgraded Energizer from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group raised their target price on Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $37.63.

Energizer Stock Performance

Shares of NYSE:ENR traded down $0.26 on Friday, reaching $35.34. 1,291,395 shares of the company's stock were exchanged, compared to its average volume of 574,924. The business's 50-day moving average is $35.05 and its two-hundred day moving average is $31.75. The company has a quick ratio of 1.00, 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 $39.51. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 67.96 and a beta of 1.06.

Insider Activity

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares of the company's stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now owns 4,635 shares of the company's stock, 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 ninety days, insiders have sold 8,860 shares of company stock valued at $334,694. Company insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Several large investors have recently modified their holdings of ENR. Louisiana State Employees Retirement System boosted its holdings in shares of Energizer by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company's stock worth $993,000 after buying an additional 500 shares during the period. Capital Insight Partners LLC grew its position in Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company's stock worth $392,000 after purchasing an additional 330 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company's stock valued at $29,651,000 after purchasing an additional 15,982 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Energizer by 155.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 129,567 shares of the company's stock valued at $3,827,000 after purchasing an additional 78,895 shares during the period. Finally, F M Investments LLC purchased a new stake in shares of Energizer in the second quarter valued at $964,000. 93.74% of the stock is 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.