Energizer (NYSE:ENR) PT Raised to $29.00 at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its price objective raised by JPMorgan Chase & Co. from $28.00 to $29.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have an underweight rating on the stock.

A number of other brokerages have also weighed in on ENR. Canaccord Genuity Group decreased their target price on shares of Energizer from $33.00 to $32.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price target for the company in a research note on Wednesday, May 8th. Barclays raised their price objective on shares of Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a report on Friday, July 19th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $38.00 target price on shares of Energizer in a report on Wednesday. Finally, UBS Group increased their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $33.13.

Energizer Stock Up 1.0 %

Shares of NYSE:ENR traded up $0.29 during trading on Wednesday, reaching $30.27. 19,174 shares of the stock traded hands, compared to its average volume of 518,045. Energizer has a 52-week low of $26.92 and a 52-week high of $36.72. The stock has a market cap of $2.17 billion, a P/E ratio of 25.18 and a beta of 1.05. The stock has a 50-day moving average of $29.55 and a two-hundred day moving average of $29.47. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.04 and a current ratio of 2.03.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a return on equity of 119.16% and a net margin of 2.97%. The firm had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.96%. Energizer’s dividend payout ratio (DPR) is presently 100.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENR. Central Pacific Bank Trust Division bought a new stake in Energizer in the first quarter worth $64,000. Quadrant Capital Group LLC lifted its holdings in shares of Energizer by 35.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after acquiring an additional 987 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Energizer by 27.7% during the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock valued at $135,000 after purchasing an additional 4,399 shares during the last quarter. Finally, Welch Group LLC purchased a new stake in Energizer in the 2nd quarter worth about $207,000. Institutional investors own 93.74% of the company’s stock.

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.