Analysts Set Energizer Holdings, Inc. (NYSE:ENR) Target Price at $37.63

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $37.63.

ENR has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th.

Insider Transactions at Energizer

In related news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 9,827 shares of the company’s stock, valued at $374,998.32. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock valued at $334,694 over the last three months. 0.77% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energizer

Institutional investors have recently added to or reduced their stakes in the business. M&G Plc increased its stake in Energizer by 33.0% in the second quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after purchasing an additional 58,933 shares during the last quarter. Tidal Investments LLC increased its stake in Energizer by 220.3% in the first quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after purchasing an additional 20,567 shares during the last quarter. Seizert Capital Partners LLC increased its stake in Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after purchasing an additional 40,891 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after purchasing an additional 533,831 shares during the last quarter. Finally, Gabelli Funds LLC increased its stake in Energizer by 6.1% in the second quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after purchasing an additional 22,100 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Up 0.8 %

Energizer stock opened at $39.04 on Friday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The company has a market cap of $2.81 billion, a PE ratio of 75.08 and a beta of 1.06. The stock’s 50 day moving average price is $33.85 and its 200 day moving average price is $31.16.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. Energizer’s dividend payout ratio (DPR) is 230.77%.

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.