Energizer Holdings, Inc. (NYSE:ENR) Given Average Recommendation of “Reduce” by Brokerages

Energizer Holdings, Inc. (NYSE:ENRGet Free Report) has been given a consensus rating of “Reduce” by the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $35.67.

Several research firms have recently commented on ENR. UBS Group lowered shares of Energizer from a “buy” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $34.00 in a report on Monday, November 20th. Truist Financial lifted their target price on shares of Energizer from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. cut shares of Energizer from a “neutral” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Wednesday, November 15th. Morgan Stanley downgraded shares of Energizer from an “equal weight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research report on Wednesday, November 15th. Finally, StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th.

Get Our Latest Analysis on ENR

Energizer Stock Down 2.0 %

Shares of ENR stock opened at $28.15 on Thursday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 21.82 and a beta of 1.06. Energizer has a one year low of $27.68 and a one year high of $37.37. The company’s fifty day moving average price is $31.10 and its 200-day moving average price is $31.99. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15.

Energizer (NYSE:ENRGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The business had revenue of $716.60 million during the quarter, compared to analysts’ expectations of $710.73 million. During the same period last year, the company posted $0.72 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts expect that Energizer will post 3.2 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Wednesday, February 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 4.26%. Energizer’s payout ratio is currently 93.02%.

Institutional Trading of Energizer

Several large investors have recently bought and sold shares of ENR. Envestnet Asset Management Inc. lifted its stake in Energizer by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 14,873 shares of the company’s stock worth $499,000 after purchasing an additional 285 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Energizer by 2.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock valued at $535,000 after purchasing an additional 324 shares in the last quarter. US Bancorp DE grew its holdings in Energizer by 1.2% during the second quarter. US Bancorp DE now owns 27,654 shares of the company’s stock worth $929,000 after acquiring an additional 336 shares during the period. Covestor Ltd increased its stake in Energizer by 12.7% in the 2nd quarter. Covestor Ltd now owns 3,003 shares of the company’s stock worth $101,000 after purchasing an additional 338 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Energizer by 2.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock worth $441,000 after purchasing an additional 342 shares in the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Energizer (NYSE:ENR)

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