Energizer (NYSE:ENR) Downgraded by StockNews.com to “Hold”

by · The Markets Daily

StockNews.com downgraded shares of Energizer (NYSE:ENR – Free Report) from a buy rating to a hold rating in a research note released on Friday.

ENR has been the topic of several other reports. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the company from $32.00 to $39.00 in a report on Wednesday, November 20th. Canaccord Genuity Group lifted 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. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Morgan Stanley raised their price target on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Truist Financial boosted their price objective on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.63.

Read Our Latest Stock Report on Energizer

Energizer Trading Down 0.7 %

NYSE:ENR opened at $35.34 on Friday. The business’s 50-day moving average is $35.13 and its two-hundred day moving average is $31.79. The firm has a market capitalization of $2.55 billion, a PE ratio of 67.96 and a beta of 1.06. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. Energizer’s dividend payout ratio (DPR) is 230.77%.

Insider Transactions at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,860 shares of company stock valued at $334,694. Insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

A number of institutional investors and hedge funds have recently modified their holdings of ENR. Neo Ivy Capital Management bought a new stake in shares of Energizer during the 3rd quarter valued at about $30,000. Clearstead Trust LLC grew its holdings in shares of 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 during the last quarter. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new stake in shares of Energizer in the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new position in Energizer during the 2nd quarter valued at approximately $65,000. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

(Get Free Report)

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.

Featured Stories