Energizer Holdings, Inc. (NYSE:ENR) Receives $34.38 Average Target Price from Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $34.38.

A number of equities analysts have recently issued reports on the company. Evercore ISI cut their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on Energizer from $28.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. M&G Plc bought a new position in Energizer during the 1st quarter valued at approximately $5,174,000. Vanguard Group Inc. raised its position in Energizer by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after purchasing an additional 79,940 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Energizer by 14,545.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock valued at $1,492,000 after purchasing an additional 50,326 shares during the last quarter. Verition Fund Management LLC raised its position in Energizer by 197.4% during the 4th quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock valued at $5,041,000 after purchasing an additional 105,622 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after purchasing an additional 20,567 shares during the last quarter. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Energizer stock opened at $29.19 on Monday. Energizer has a 52 week low of $26.92 and a 52 week high of $36.72. The business has a 50-day simple moving average of $30.28 and a 200 day simple moving average of $29.32. The company has a quick ratio of 1.01, a current ratio of 1.99 and a debt-to-equity ratio of 26.04. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 24.53 and a beta of 1.04.

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

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, August 22nd. Energizer’s dividend payout ratio is presently 100.84%.

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.