Energizer (NYSE:ENR) Price Target Cut to $38.00 by Analysts at JPMorgan Chase & Co.

Energizer (NYSE:ENR - Free Report) had its price target decreased by JPMorgan Chase & Co. from $39.00 to $38.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research firms also recently commented on ENR. Morgan Stanley raised their target price on shares of Energizer from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Canaccord Genuity Group raised their target price 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. Barclays downgraded shares of Energizer from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Finally, StockNews.com raised shares of Energizer from a "hold" rating to a "buy" rating in a research report on Thursday, January 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Energizer has an average rating of "Hold" and a consensus target price of $38.38.

Energizer Trading Up 0.9 %

ENR stock traded up $0.31 during trading on Thursday, hitting $35.26. The company had a trading volume of 390,352 shares, compared to its average volume of 568,435. The firm has a market capitalization of $2.54 billion, a P/E ratio of 67.81 and a beta of 1.07. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51. The company has a 50 day simple moving average of $36.06 and a 200-day simple moving average of $32.59. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Wednesday, November 27th. Energizer's payout ratio is currently 230.77%.

Insider Buying and Selling

In related news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value 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 trade represents a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares of the company's stock, valued at $374,998.32. This trade represents a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last three months. Corporate insiders own 0.98% of the company's stock.

Institutional Trading of Energizer

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. lifted its stake in Energizer by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 113,107 shares of the company's stock valued at $3,341,000 after acquiring an additional 13,899 shares during the period. Federated Hermes Inc. lifted its stake in Energizer by 21.5% during the 2nd quarter. Federated Hermes Inc. now owns 158,302 shares of the company's stock valued at $4,676,000 after acquiring an additional 27,959 shares during the period. Dimensional Fund Advisors LP lifted its stake in Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company's stock valued at $25,778,000 after acquiring an additional 240,402 shares during the period. Hsbc Holdings PLC lifted its stake in Energizer by 8.9% during the 2nd quarter. Hsbc Holdings PLC now owns 11,011 shares of the company's stock valued at $326,000 after acquiring an additional 898 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Energizer during the 2nd quarter valued at approximately $65,000. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.