Energizer (NYSE:ENR) Rating Increased to Buy at StockNews.com

Energizer (NYSE:ENR - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Thursday.

A number of other research firms have also recently issued reports on ENR. JPMorgan Chase & Co. upgraded Energizer from an "underweight" rating to a "neutral" rating and lifted their target price for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th. Morgan Stanley upped their price objective on Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Truist Financial lifted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Canaccord Genuity Group upped their price target on shares of Energizer from $32.00 to $36.00 and gave the company a "hold" rating in a research report on Wednesday, November 20th. Finally, Barclays lowered shares of Energizer from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $34.00 to $36.00 in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.63.

Energizer Stock Performance

Shares of ENR stock traded up $0.20 during trading on Thursday, reaching $36.94. 498,094 shares of the company's stock were exchanged, compared to its average volume of 571,224. Energizer has a twelve month low of $26.92 and a twelve month high of $39.51. The stock has a market capitalization of $2.66 billion, a PE ratio of 71.04 and a beta of 1.06. The firm's fifty day moving average price is $34.60 and its 200-day moving average price is $31.49. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insider Activity

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 in the last three months. Company insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC increased its position in shares of Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company's stock valued at $151,660,000 after acquiring an additional 533,831 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company's stock worth $47,456,000 after buying an additional 31,900 shares during the last quarter. Bank of New York Mellon Corp grew its position in Energizer by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company's stock valued at $29,651,000 after buying an additional 15,982 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Energizer by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company's stock worth $29,587,000 after buying an additional 19,836 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock worth $25,778,000 after acquiring an additional 240,402 shares during the period. Hedge funds and other 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.