JPMorgan Chase & Co. Upgrades Energizer (NYSE:ENR) to "Neutral"

JPMorgan Chase & Co. upgraded shares of Energizer (NYSE:ENR - Free Report) from an underweight rating to a neutral rating in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have $39.00 price target on the stock, up from their previous price target of $32.00.

Other research analysts have also issued reports about the company. StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research report on Monday, October 14th. Barclays boosted their target price on Energizer from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Evercore ISI lowered their target price on Energizer from $42.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Energizer in a research note on Wednesday, August 7th. Finally, Truist Financial upgraded Energizer from a "hold" rating to a "buy" rating and boosted their target price for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Energizer currently has an average rating of "Hold" and an average target price of $37.63.

Energizer Trading Up 1.1 %

Shares of Energizer stock traded up $0.41 on Wednesday, reaching $37.66. 1,079,474 shares of the company were exchanged, compared to its average volume of 574,626. The stock has a fifty day moving average price of $31.81 and a 200-day moving average price of $30.52. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 271.09 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.21.

Energizer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.19%. Energizer's payout ratio is 857.20%.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value 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 $207,115.26. This represents a 25.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Energizer

A number of large investors have recently bought and sold shares of the business. US Bancorp DE grew its position in Energizer by 1.6% during the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company's stock worth $622,000 after acquiring an additional 308 shares during the last quarter. Capital Insight Partners LLC boosted its position in shares of Energizer by 2.5% in 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 during the last quarter. Arizona State Retirement System raised its stake in Energizer by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company's stock worth $564,000 after buying an additional 353 shares during the period. Avior Wealth Management LLC raised its stake in Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company's stock worth $65,000 after buying an additional 376 shares during the period. Finally, Great Lakes Advisors LLC raised its stake in shares of Energizer by 0.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company's stock valued at $3,382,000 after purchasing an additional 382 shares during the period. 93.74% of the stock is currently 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.