Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) PT at $35.00

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.00.

Several analysts have recently weighed in on ENR shares. Truist Financial raised shares of Energizer from a "hold" rating to a "buy" rating and lifted their price target for the company from $30.00 to $40.00 in a research note on Tuesday, August 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a report on Wednesday, August 7th. Barclays lifted their price target on shares of Energizer from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. JPMorgan Chase & Co. boosted their price objective on shares of Energizer from $29.00 to $32.00 and gave the company an "underweight" rating in a report on Friday, October 11th. Finally, StockNews.com downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Clearstead Trust LLC lifted its position in Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company's stock valued at $32,000 after purchasing an additional 820 shares during the period. Central Pacific Bank Trust Division purchased a new position in Energizer in the first quarter valued at about $64,000. Canada Pension Plan Investment Board purchased a new position in Energizer in the second quarter valued at about $65,000. SG Americas Securities LLC increased its holdings in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company's stock valued at $125,000 after buying an additional 919 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in Energizer by 2,650.0% in the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company's stock valued at $135,000 after buying an additional 4,399 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

Energizer Stock Performance

Energizer stock traded up $0.41 during trading on Tuesday, reaching $33.02. The company had a trading volume of 302,895 shares, compared to its average volume of 563,722. Energizer has a 52 week low of $26.92 and a 52 week high of $36.72. The firm's 50-day simple moving average is $31.29 and its 200 day simple moving average is $30.15. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 235.86 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 (NYSE:ENR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. The firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Sell-side analysts forecast that Energizer will post 3.27 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer's payout ratio is currently 857.14%.

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.