Energizer’s (ENR) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Energizer (NYSE:ENR) in a research report report published on Wednesday, Benzinga reports. They currently have a $38.00 price target on the stock.

A number of other research firms have also recently commented on ENR. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price target for the company in a research note on Wednesday, May 8th. Evercore ISI lowered their target price on shares of Energizer from $42.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Energizer from $29.00 to $28.00 and set an underweight rating on the stock in a research note on Monday, July 22nd. Barclays lifted their price objective on shares of Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Finally, Truist Financial cut their target price on Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $33.13.

Energizer Stock Down 0.9 %

Shares of NYSE:ENR traded down $0.27 during trading on Wednesday, reaching $29.92. The stock had a trading volume of 327,830 shares, compared to its average volume of 520,327. The firm’s 50-day simple moving average is $29.61 and its 200 day simple moving average is $29.44. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. Energizer has a one year low of $26.92 and a one year high of $36.72. The company has a market capitalization of $2.15 billion, a P/E ratio of 25.14 and a beta of 1.05.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. Energizer’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. As a group, research analysts expect that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.01%. Energizer’s payout ratio is currently 100.84%.

Institutional Investors Weigh In On Energizer

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Energizer by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after buying an additional 79,940 shares during the period. LSV Asset Management raised its stake in Energizer by 2.0% in the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after purchasing an additional 31,900 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Energizer by 5.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock worth $38,564,000 after buying an additional 71,595 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after purchasing an additional 15,982 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Energizer by 38.0% in the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the last quarter. 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.