Energizer (NYSE:ENR) Rating Lowered to Hold at StockNews.com

Energizer (NYSE:ENR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts also recently issued reports on the company. Barclays downgraded 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 research note on Wednesday, November 20th. Canaccord Genuity Group boosted their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Truist Financial boosted their price objective on Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, UBS Group dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.38.

Energizer Trading Up 0.0 %

NYSE ENR opened at $35.29 on Friday. The business’s 50-day moving average price is $36.14 and its two-hundred day moving average price is $32.67. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The firm has a market capitalization of $2.54 billion, a PE ratio of 67.87 and a beta of 1.07. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51.

Insiders Place Their Bets

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Energizer

Several institutional investors have recently modified their holdings of the business. Inspire Investing LLC grew its holdings in shares of Energizer by 166.3% in the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after acquiring an additional 21,667 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Energizer in the fourth quarter valued at approximately $306,000. Central Pacific Bank Trust Division grew its holdings in shares of Energizer by 750.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after acquiring an additional 1,500 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Energizer by 4.6% in the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after acquiring an additional 37,713 shares in the last quarter. 93.74% of the stock is 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.