Energizer (NYSE:ENR) Price Target Raised to $36.00

Energizer (NYSE:ENR) had its price objective increased by Canaccord Genuity Group from $32.00 to $36.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target indicates a potential downside of 3.20% from the company’s previous close.

ENR has been the subject of a number of other reports. Evercore ISI reduced their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. upgraded shares of 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 research note on Wednesday. Morgan Stanley upped their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Energizer Trading Down 0.2 %

Shares of NYSE:ENR opened at $37.19 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The company has a market capitalization of $2.67 billion, a PE ratio of 264.02 and a beta of 1.04. Energizer has a 12-month low of $26.92 and a 12-month high of $39.21. The business’s fifty day simple moving average is $31.81 and its 200-day simple moving average is $30.52.

Insider Activity

In related news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction 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. The trade was a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Energizer

Institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in shares of Energizer in the third quarter worth $30,000. Barclays PLC boosted its holdings in Energizer by 100.9% in the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after purchasing an additional 70,254 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in Energizer by 125.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company’s stock worth $861,000 after purchasing an additional 15,095 shares during the period. Zacks Investment Management purchased a new position in Energizer during the third quarter valued at approximately $3,910,000. Finally, Wellington Management Group LLP boosted its holdings in Energizer by 1.5% during the third quarter. Wellington Management Group LLP now owns 483,503 shares of the company’s stock worth $15,356,000 after buying an additional 7,164 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.