Energizer's (ENR) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Energizer (NYSE:ENR - Free Report) in a report issued on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $38.00 target price on the stock.

Several other research analysts also recently commented on the company. Canaccord Genuity Group lifted their price objective on Energizer from $32.00 to $36.00 and gave the stock a "hold" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Barclays downgraded shares of Energizer from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of 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 issued a buy rating to the company's stock. According to MarketBeat.com, Energizer has an average rating of "Hold" and a consensus target price of $38.38.

Energizer Trading Down 0.1 %

Shares of Energizer stock traded down $0.04 during trading on Thursday, reaching $33.95. The company's stock had a trading volume of 529,879 shares, compared to its average volume of 510,705. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 65.29 and a beta of 1.06. The firm's 50-day moving average is $35.92 and its two-hundred day moving average is $33.03. 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.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.30 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.53%. Energizer's dividend payout ratio is 230.77%.

Insider Activity at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the firm's 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 owns 5,758 shares of the company's stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Sara B. Hampton sold 2,812 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 over the last 90 days. 0.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company's stock worth $27,000 after acquiring an additional 356 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Energizer during the 3rd quarter valued at about $30,000. Quarry LP bought a new stake in Energizer during the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC purchased a new position in Energizer in the third quarter worth about $42,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company's stock worth $59,000 after buying an additional 1,500 shares in the last quarter. 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.