Energizer Holdings, Inc. (NYSE:ENR) Given Consensus Rating of “Hold” by Brokerages

Energizer Holdings, Inc. (NYSE:ENR) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.57.

Several brokerages have recently issued reports on ENR. Barclays lowered their price target on Energizer from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Morgan Stanley upgraded Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a report on Wednesday, May 8th. Truist Financial decreased their target price on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. UBS Group lifted their target price on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Finally, Canaccord Genuity Group decreased their target price on Energizer from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th.

Institutional Trading of Energizer

A number of institutional investors have recently bought and sold shares of the company. EMC Capital Management boosted its position in Energizer by 18.3% during the first quarter. EMC Capital Management now owns 8,529 shares of the company’s stock valued at $251,000 after purchasing an additional 1,317 shares during the last quarter. Comerica Bank increased its stake in shares of Energizer by 16.0% in the first quarter. Comerica Bank now owns 60,595 shares of the company’s stock worth $1,784,000 after purchasing an additional 8,366 shares during the period. Tidal Investments LLC increased its stake in shares of Energizer by 220.3% in the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock worth $880,000 after purchasing an additional 20,567 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Energizer by 5.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,068 shares of the company’s stock worth $1,386,000 after purchasing an additional 2,536 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in Energizer by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after acquiring an additional 71,595 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Stock Down 3.5 %

Shares of Energizer stock opened at $28.37 on Wednesday. The business’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $29.64. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The company has a market capitalization of $2.04 billion, a P/E ratio of 23.84 and a beta of 1.05. Energizer has a 1-year low of $26.92 and a 1-year high of $37.32.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The firm had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. During the same quarter in the previous year, the business earned $0.64 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, research analysts forecast that Energizer will post 3.22 EPS for the current year.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. Energizer’s payout ratio is 100.84%.

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.