Energizer (NYSE:ENR) Downgraded by StockNews.com

StockNews.com downgraded shares of Energizer (NYSE:ENR) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Other equities analysts have also recently issued reports about the company. Barclays lifted their price objective on 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 reiterated a sector perform rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI cut their target price on shares of Energizer from $42.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Energizer from $28.00 to $29.00 and gave the company an underweight rating in a research note on Wednesday, August 7th. Finally, Truist Financial upgraded shares of Energizer from a hold rating to a buy rating and upped their target price for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $34.38.

Energizer Stock Up 2.9 %

Energizer stock opened at $31.25 on Tuesday. The company has a market capitalization of $2.24 billion, a P/E ratio of 26.26 and a beta of 1.04. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $36.72. The stock has a 50-day simple moving average of $30.22 and a 200-day simple moving average of $29.39.

Energizer (NYSE:ENR) last released its earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million for the quarter, compared to analyst estimates of $704.86 million. Energizer had a return on equity of 137.24% and a net margin of 0.35%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts expect that Energizer will post 3.27 earnings per share for the current year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio is currently 100.84%.

Institutional Trading of Energizer

Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Trust LLC lifted its holdings in Energizer by 307.1% in the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Energizer in the 1st quarter worth approximately $64,000. Canada Pension Plan Investment Board acquired a new position in Energizer during the 2nd quarter valued at approximately $65,000. SG Americas Securities LLC grew its stake in 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 buying an additional 919 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Energizer by 2,650.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after buying an additional 4,399 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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.