Energizer (NYSE:ENR) Price Target Raised to $45.00 at Truist Financial

Energizer (NYSE:ENR) had its target price upped by Truist Financial from $40.00 to $45.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. 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 research note on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $34.00 to $36.00 in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.63.

Energizer Stock Up 0.6 %

Shares of NYSE:ENR opened at $38.30 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The business’s 50 day moving average is $32.36 and its 200 day moving average is $30.68. The stock has a market cap of $2.75 billion, a P/E ratio of 73.66 and a beta of 1.04. Energizer has a 52-week low of $26.92 and a 52-week high of $39.21.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.13%. Energizer’s payout ratio is 230.77%.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value 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 trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Energizer

Large investors have recently modified their holdings of the business. Neo Ivy Capital Management acquired a new stake in Energizer in the 3rd quarter worth approximately $30,000. Clearstead Trust LLC raised its holdings in shares of Energizer by 307.1% in 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 during the last quarter. Quarry LP acquired a new stake in shares of Energizer during the third quarter worth $39,000. Prospera Private Wealth LLC purchased a new stake in shares of Energizer during the third quarter valued at $42,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Energizer in the 2nd quarter valued at $65,000. Hedge funds and other 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.