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 note issued to investors on Friday.

ENR has been the subject of several other reports. Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group upped their price objective on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley raised their price target on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.63.

Energizer Price Performance

NYSE:ENR opened at $35.34 on Friday. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The firm’s 50-day simple moving average is $35.13 and its 200 day simple moving average is $31.82. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 67.96 and a beta of 1.06. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80.

Insider Buying and Selling

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This represents a 25.57 % 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 in the last three months. Insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Energizer by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock valued at $27,369,000 after purchasing an additional 37,713 shares during the period. Tidal Investments LLC lifted its stake in Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock valued at $434,000 after buying an additional 4,487 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Energizer by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock worth $583,000 after buying an additional 513 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Energizer in the 3rd quarter valued at $30,000. Finally, Barclays PLC boosted its stake in Energizer by 100.9% during the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after acquiring an additional 70,254 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.

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.