Energizer (NYSE:ENR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a report published on Thursday morning.

Several other equities research analysts also recently commented on the stock. Truist Financial lifted their price objective on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley upped their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Stock Performance

Shares of Energizer stock opened at $35.80 on Thursday. The company has a 50 day moving average price of $35.82 and a 200 day moving average price of $32.40. The firm has a market capitalization of $2.57 billion, a P/E ratio of 68.85 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.35%. Energizer’s dividend payout ratio is presently 230.77%.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was 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 approximately $374,998.32. This represents a 29.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,860 shares of company stock valued at $334,694. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Energizer during the 3rd quarter worth about $30,000. Clearstead Trust LLC lifted its stake in Energizer by 307.1% in the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 820 shares in the last quarter. Quarry LP acquired a new stake in Energizer in the 3rd quarter worth about $39,000. Finally, Prospera Private Wealth LLC purchased a new stake in Energizer during the 3rd quarter worth approximately $42,000. 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.