StockNews.com Downgrades Energizer (NYSE:ENR) to Hold

Energizer (NYSE:ENR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Several other research analysts also recently weighed in on ENR. Truist Financial increased their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $39.00 in a research report 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 report on Wednesday, August 7th. Morgan Stanley increased their price objective on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Canaccord Genuity Group boosted their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Price Performance

Energizer stock opened at $38.80 on Wednesday. The firm’s 50-day moving average is $34.01 and its two-hundred day moving average is $31.21. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The stock has a market capitalization of $2.79 billion, a P/E ratio of 74.62 and a beta of 1.06. Energizer has a 12-month low of $26.92 and a 12-month high of $39.51.

Insider Activity 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 shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.16, for a total transaction of $155,311.20. Following the completion of the sale, the executive vice president now owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

A number of institutional investors and hedge funds have recently modified their holdings of ENR. Neo Ivy Capital Management bought a new stake in shares of Energizer during the 3rd quarter valued at about $30,000. Clearstead Trust LLC grew its holdings in shares of Energizer by 307.1% during the second quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 820 shares during the last quarter. Quarry LP acquired a new stake in shares of Energizer during the 3rd quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new stake in shares of Energizer in the 3rd quarter worth approximately $42,000. Finally, Canada Pension Plan Investment Board acquired a new position in Energizer during the 2nd quarter valued at approximately $65,000. 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.