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

Energizer (NYSE:ENR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Other analysts also recently issued reports about the stock. Barclays increased their price target on shares of Energizer from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Evercore ISI reduced their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Energizer from $28.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.38.

Energizer Price Performance

Shares of Energizer stock opened at $31.83 on Thursday. Energizer has a 1-year low of $26.92 and a 1-year high of $36.72. The firm has a fifty day simple moving average of $30.33 and a 200-day simple moving average of $29.50. The company has a current ratio of 1.99, a quick ratio of 1.01 and a debt-to-equity ratio of 26.04. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 26.75 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The company had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, sell-side analysts expect that Energizer will post 3.27 earnings per share for the current year.

Institutional Trading of Energizer

A number of large investors have recently bought and sold shares of ENR. Clearstead Trust LLC increased 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 worth $32,000 after buying an additional 820 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Energizer during the 1st quarter worth approximately $64,000. Canada Pension Plan Investment Board acquired a new stake in Energizer during the 2nd quarter valued at $65,000. SG Americas Securities LLC raised its position in Energizer by 27.7% in the 1st quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Energizer by 2,650.0% in the second quarter. Cullen Frost Bankers Inc. now owns 4,565 shares of the company’s stock worth $135,000 after purchasing an additional 4,399 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.