Energizer (NYSE:ENR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Energizer (NYSE:ENR - Free Report) from a hold rating to a buy rating in a research report report published on Monday morning.

A number of other research firms also recently commented on ENR. Truist Financial increased 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. UBS Group reduced their price objective on shares of 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 increased their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group upped their price target on Energizer from $32.00 to $36.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. cut their price objective on Energizer from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Energizer currently has an average rating of "Hold" and a consensus target price of $38.38.

Energizer Stock Down 0.2 %

ENR traded down $0.07 on Monday, reaching $32.07. 468,555 shares of the company traded hands, compared to its average volume of 574,782. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 61.68 and a beta of 1.06. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The stock's 50 day moving average price is $35.47 and its 200-day moving average price is $33.06. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. Energizer had a net margin of 1.32% and a return on equity of 155.40%. The business had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same period in the prior year, the business posted $0.59 earnings per share. Energizer's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. Energizer's payout ratio is 230.77%.

Insider Activity at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the company'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 completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their position. 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 ninety days. 0.98% of the stock is currently owned by insiders.

Institutional Trading of Energizer

Several institutional investors have recently bought and sold shares of the stock. AlphaQuest LLC lifted its holdings in shares of Energizer by 160.0% during the fourth quarter. AlphaQuest LLC now owns 48,023 shares of the company's stock valued at $1,676,000 after acquiring an additional 29,554 shares during the period. Amundi lifted its holdings in Energizer by 42.2% during the 4th quarter. Amundi now owns 50,926 shares of the company's stock valued at $1,823,000 after purchasing an additional 15,106 shares during the last quarter. Inceptionr LLC boosted its position in Energizer by 29.0% in the fourth quarter. Inceptionr LLC now owns 19,700 shares of the company's stock valued at $687,000 after buying an additional 4,424 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Energizer in the fourth quarter valued at about $11,718,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Energizer during the fourth quarter worth approximately $411,000. Institutional investors and hedge funds 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.