Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) Price Target at $35.00

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $35.00.

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of Energizer from $29.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, October 11th. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Barclays boosted their price target on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $40.00 in a research note on Tuesday, August 27th.

Institutional Investors Weigh In On Energizer

Several hedge funds have recently bought and sold shares of the stock. Clarkston Capital Partners LLC boosted its stake in shares of Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after acquiring an additional 533,831 shares in the last quarter. LSV Asset Management grew its holdings in Energizer by 2.0% in the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after purchasing an additional 31,900 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Energizer by 5.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after buying an additional 71,595 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Energizer by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock worth $29,651,000 after buying an additional 15,982 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Energizer by 38.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after buying an additional 240,402 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Shares of ENR stock opened at $33.98 on Tuesday. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $36.72. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 242.73 and a beta of 1.04. The stock’s 50-day simple moving average is $31.38 and its 200-day simple moving average is $30.28.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.53%. Energizer’s payout ratio is 857.20%.

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.