Barclays Has Lowered Expectations for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its price target lowered by investment analysts at Barclays from $36.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.09% from the stock’s current price.

ENR has been the topic of several other reports. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. Finally, UBS Group lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer currently has a consensus rating of “Hold” and an average price target of $37.88.

Energizer Stock Up 0.1 %

NYSE:ENR opened at $29.60 on Thursday. The company has a market cap of $2.14 billion, a PE ratio of 37.47 and a beta of 1.09. The stock has a 50-day simple moving average of $31.68 and a 200 day simple moving average of $33.07. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. Energizer has a 52-week low of $26.92 and a 52-week high of $39.52.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same period in the prior year, the business posted $0.59 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Energizer

Several hedge funds and other institutional investors have recently bought and sold shares of ENR. Millennium Management LLC raised its stake in Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company’s stock worth $43,265,000 after buying an additional 496,146 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Energizer during the fourth quarter valued at approximately $11,718,000. Brandywine Global Investment Management LLC bought a new position in shares of Energizer in the 4th quarter worth $7,685,000. Balyasny Asset Management L.P. grew its position in Energizer by 427.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 269,901 shares of the company’s stock valued at $9,417,000 after purchasing an additional 218,759 shares during the period. Finally, Norges Bank acquired a new position in Energizer during the fourth quarter worth $7,277,000. 93.74% of the stock is owned by institutional investors.

Energizer Company Profile

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.