Energizer (NYSE:ENR) Upgraded to Buy by StockNews.com

Energizer (NYSE:ENR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other research analysts have also recently issued research reports about the company. Evercore ISI dropped their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report 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 report on Wednesday, August 7th. Barclays upped their target price on Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.38.

Energizer Price Performance

ENR stock traded down $0.13 during trading hours on Monday, hitting $28.95. 444,480 shares of the stock traded hands, compared to its average volume of 555,457. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a 50-day simple moving average of $30.27 and a 200 day simple moving average of $29.32. Energizer has a one year low of $26.92 and a one year high of $36.72. The company has a market cap of $2.08 billion, a P/E ratio of 24.33 and a beta of 1.04.

Energizer (NYSE:ENR) last posted its quarterly earnings data 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. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts forecast that Energizer will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Energizer

A number of large investors have recently made changes to their positions in ENR. Clearstead Trust LLC grew its position in Energizer by 307.1% during 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Energizer during the 1st quarter valued at $64,000. Canada Pension Plan Investment Board acquired a new position in shares of Energizer in the second quarter worth $65,000. Quadrant Capital Group LLC raised its holdings in shares of Energizer by 35.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after acquiring an additional 987 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

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.