Energizer (NYSE:ENR) Price Target Raised to $36.00 at Morgan Stanley

Energizer (NYSE:ENR) had its target price increased by stock analysts at Morgan Stanley from $33.00 to $36.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential downside of 3.36% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $34.00 to $36.00 in a report on Wednesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Evercore ISI reduced their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $32.00 to $39.00 in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.50.

Energizer Price Performance

Shares of ENR stock opened at $37.25 on Wednesday. The company’s 50-day simple moving average is $31.81 and its two-hundred day simple moving average is $30.52. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. Energizer has a one year low of $26.92 and a one year high of $39.21. The company has a market capitalization of $2.67 billion, a P/E ratio of 266.09 and a beta of 1.04.

Insider Transactions at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Several institutional investors have recently added to or reduced their stakes in the stock. Neo Ivy Capital Management purchased a new position in shares of Energizer during the third quarter worth $30,000. Clearstead Trust LLC lifted its stake in Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares in the last quarter. Quarry LP purchased a new position in Energizer during the 3rd quarter valued at about $39,000. Prospera Private Wealth LLC acquired a new position in Energizer in the 3rd quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Energizer during the second quarter worth about $65,000. 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.