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

Energizer Holdings, Inc. (NYSE:ENR) has been given an average rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $35.00.

ENR has been the subject of a number of research reports. Barclays raised their target price on Energizer from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $40.00 in a research report on Tuesday, August 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI lowered 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. raised their target price on Energizer from $29.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, October 11th.

Energizer Stock Down 0.5 %

Shares of ENR stock opened at $33.07 on Tuesday. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The stock has a fifty day moving average price of $31.32 and a 200 day moving average price of $30.19. Energizer has a one year low of $26.92 and a one year high of $36.72. The stock has a market cap of $2.37 billion, a P/E ratio of 236.23 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share (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 firm had revenue of $701.40 million during the quarter, compared to analyst estimates of $704.86 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts predict that Energizer will post 3.27 earnings per share for the current year.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is 857.20%.

Institutional Trading of Energizer

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Energizer by 1.6% in the 3rd quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after purchasing an additional 308 shares during the period. Capital Insight Partners LLC lifted its position in shares of Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock valued at $392,000 after acquiring an additional 330 shares during the period. Arizona State Retirement System lifted its position in shares of Energizer by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock valued at $564,000 after acquiring an additional 353 shares during the period. Great Lakes Advisors LLC lifted its position in shares of 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. Finally, Louisiana State Employees Retirement System lifted its position in shares of Energizer by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the company’s stock valued at $993,000 after acquiring an additional 500 shares during the period. 93.74% of the stock is currently owned by institutional investors.

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.