Energizer (NYSE:ENR) Earns “Sector Perform” Rating from Royal Bank of Canada

Energizer (NYSE:ENR)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They currently have a $38.00 price target on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.11% from the stock’s current price.

A number of other equities research analysts have also commented on ENR. Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. UBS Group reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.38.

Energizer Trading Up 1.8 %

NYSE ENR traded up $0.59 on Thursday, hitting $34.20. The company’s stock had a trading volume of 38,954 shares, compared to its average volume of 493,624. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The company’s 50-day moving average is $36.09 and its 200 day moving average is $32.96. The firm has a market cap of $2.47 billion, a PE ratio of 65.76 and a beta of 1.07.

Insider Buying and Selling

In other news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction 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 transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock valued at $334,694 over the last ninety days. 0.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Energizer

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Energizer in the third quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Energizer during the third quarter worth about $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Energizer during the third quarter worth about $42,000. Finally, Central Pacific Bank Trust Division grew its stake in shares of Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock worth $59,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors 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.