Barclays Lowers Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR - Free Report) had its price objective reduced by Barclays from $36.00 to $32.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages have also recently commented on ENR. JPMorgan Chase & Co. decreased their target price on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. UBS Group decreased their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. StockNews.com downgraded Energizer from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Energizer has a consensus rating of "Hold" and a consensus price target of $37.88.

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Energizer Trading Up 0.4 %

Shares of NYSE:ENR traded up $0.13 during midday trading on Thursday, reaching $29.80. The company had a trading volume of 138,536 shares, compared to its average volume of 588,975. The company has a fifty day simple moving average of $31.46 and a two-hundred day simple moving average of $33.11. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 37.72 and a beta of 1.09. Energizer has a 1-year low of $26.92 and a 1-year high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80.

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

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, February 20th. Energizer's payout ratio is presently 151.90%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Energizer by 66.7% in the fourth quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock worth $43,265,000 after purchasing an additional 496,146 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Energizer during the 4th quarter worth about $11,718,000. Brandywine Global Investment Management LLC acquired a new position in shares of Energizer during the 4th quarter valued at about $7,685,000. Balyasny Asset Management L.P. raised its stake in shares of Energizer by 427.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company's stock valued at $9,417,000 after acquiring an additional 218,759 shares in the last quarter. Finally, Norges Bank acquired a new stake in Energizer in the 4th quarter worth approximately $7,277,000. Institutional investors and hedge funds own 93.74% of the company's stock.

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.