Energizer (NYSE:ENR) Shares Gap Up – Time to Buy?

Energizer Holdings, Inc. (NYSE:ENR) shares gapped up prior to trading on Tuesday . The stock had previously closed at $34.15, but opened at $35.97. Energizer shares last traded at $38.39, with a volume of 288,696 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on ENR. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Barclays boosted their price objective on shares of Energizer from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI lowered their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Energizer currently has an average rating of “Hold” and a consensus price target of $35.00.

Energizer Stock Up 12.4 %

The stock’s fifty day simple moving average is $31.55 and its two-hundred day simple moving average is $30.43. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 274.59 and a beta of 1.04.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.13%. Energizer’s dividend payout ratio (DPR) is 857.20%.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently added to or reduced their stakes in the stock. M&G Plc increased its position in Energizer by 33.0% in the 2nd quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after acquiring an additional 58,933 shares during the period. Tidal Investments LLC increased its holdings in shares of Energizer by 220.3% during the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after purchasing an additional 20,567 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Energizer by 31.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after purchasing an additional 25,732 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Energizer by 6.1% in the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock worth $11,363,000 after purchasing an additional 22,100 shares during the period. Finally, Maverick Capital Ltd. grew its position in Energizer by 126.7% in the 2nd quarter. Maverick Capital Ltd. now owns 59,878 shares of the company’s stock valued at $1,769,000 after buying an additional 33,467 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.