Energizer (NYSE:ENR) Price Target Cut to $38.00 by Analysts at UBS Group

Energizer (NYSE:ENR) had its price objective decreased by UBS Group from $39.00 to $38.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

ENR has been the topic of a number of other reports. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reduced their target price on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday. Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley lifted their price objective 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, StockNews.com raised shares of Energizer from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Energizer presently has an average rating of “Hold” and a consensus price target of $38.38.

Energizer Stock Performance

Shares of NYSE:ENR opened at $35.29 on Thursday. The firm has a market cap of $2.54 billion, a PE ratio of 67.87 and a beta of 1.07. The firm’s 50 day simple moving average is $36.14 and its 200-day simple moving average is $32.67. Energizer has a one year low of $26.92 and a one year high of $39.51. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

Insiders Place Their Bets

In other news, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction on Friday, November 22nd. The shares were 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 in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,860 shares of company stock valued at $334,694. 0.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the period. Neo Ivy Capital Management acquired a new position in Energizer during the third quarter valued at $30,000. Quarry LP acquired a new position in Energizer during the third quarter valued at $39,000. Prospera Private Wealth LLC acquired a new position in Energizer during the third quarter valued at $42,000. Finally, Central Pacific Bank Trust Division lifted its position in Energizer by 750.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

About Energizer

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.