Energizer (NYSE:ENR) Given New $32.00 Price Target at Barclays

Energizer (NYSE:ENR) had its price objective decreased by Barclays from $36.00 to $32.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts also recently commented on ENR. JPMorgan Chase & Co. dropped their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. UBS Group cut their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Seven 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 Price Performance

ENR stock opened at $29.68 on Thursday. The business’s fifty day moving average price is $31.46 and its 200 day moving average price is $33.08. Energizer has a 12-month low of $26.92 and a 12-month high of $39.52. The company has a market capitalization of $2.14 billion, a PE ratio of 37.57 and a beta of 1.09. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (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 for the quarter, compared to analyst estimates of $726.23 million. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Energizer will post 3.58 EPS for the current year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. Energizer’s payout ratio is currently 151.90%.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently added to or reduced their stakes in ENR. GAMMA Investing LLC increased its holdings in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Russell Investments Group Ltd. boosted its stake in Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after purchasing an additional 360 shares during the period. OneDigital Investment Advisors LLC grew its position in Energizer by 2.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock worth $591,000 after purchasing an additional 386 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after purchasing an additional 392 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Energizer by 4.1% in the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock valued at $418,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.