Energizer (NYSE:ENR) Lowered to Equal Weight Rating by Barclays

Energizer (NYSE:ENR) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, Marketbeat.com reports. They presently have a $36.00 target price on the stock, up from their prior target price of $34.00. Barclays‘s price objective would suggest a potential downside of 5.49% from the company’s current price.

Other analysts have also recently issued reports about the company. StockNews.com cut Energizer from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the company from $32.00 to $39.00 in a report on Wednesday. Evercore ISI dropped their price target on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Energizer presently has a consensus rating of “Hold” and an average price target of $37.63.

Energizer Trading Up 1.1 %

Shares of NYSE ENR opened at $38.09 on Wednesday. The stock has a market cap of $2.73 billion, a P/E ratio of 73.25 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.01. Energizer has a 1 year low of $26.92 and a 1 year high of $39.21. The firm has a 50-day moving average of $31.99 and a 200 day moving average of $30.57.

Insider Activity at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of Energizer 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 transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its position in Energizer by 1.6% in the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock worth $622,000 after purchasing an additional 308 shares during the period. Capital Insight Partners LLC grew its stake in shares of Energizer by 2.5% during the second quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after buying an additional 330 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Energizer by 1.9% during the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after buying an additional 353 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Energizer by 22.4% during the 3rd quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after acquiring an additional 376 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in Energizer by 0.3% during the 2nd quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after acquiring an additional 382 shares during the period. 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.