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

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

Several other brokerages have also weighed in on ENR. Canaccord Genuity Group raised their target price on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays lowered 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. UBS Group cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial raised their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.38.

Energizer Stock Performance

Shares of Energizer stock opened at $31.28 on Tuesday. The business has a 50-day moving average of $34.89 and a 200 day moving average of $33.10. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 39.60 and a beta of 1.06. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $731.70 million during the quarter, compared to analysts’ expectations of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. Energizer’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. As a group, sell-side analysts forecast that Energizer will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Vauth sold 4,070 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,860 shares of company stock worth $334,694. 0.98% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ENR. Clarkston Capital Partners LLC raised its stake in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Energizer by 8.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock valued at $35,695,000 after acquiring an additional 80,163 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Energizer by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 965,310 shares of the company’s stock valued at $33,680,000 after acquiring an additional 33,739 shares in the last quarter. Principal Financial Group Inc. raised its stake in Energizer by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 894,373 shares of the company’s stock valued at $31,204,000 after acquiring an additional 32,618 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in Energizer by 56.5% during the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after acquiring an additional 190,195 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

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.