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

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

Several other research firms have also weighed in on ENR. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $39.00 in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Wednesday, August 7th. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Truist Financial increased their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.63.

Energizer Trading Up 0.3 %

ENR stock opened at $38.26 on Tuesday. Energizer has a 1-year low of $26.92 and a 1-year high of $39.21. The firm has a market cap of $2.75 billion, a P/E ratio of 73.91 and a beta of 1.04. The business’s 50 day moving average is $32.74 and its 200-day moving average is $30.82. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51.

Insider Buying and Selling at Energizer

In other Energizer news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at approximately $374,998.32. This trade represents a 29.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the transaction, the vice president now owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,860 shares of company stock worth $334,694. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC lifted its stake in shares of Energizer by 48.9% in the 3rd quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock valued at $434,000 after purchasing an additional 4,487 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Energizer by 2.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock valued at $583,000 after purchasing an additional 513 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Energizer in the 3rd quarter valued at $30,000. Barclays PLC lifted its stake in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after purchasing an additional 70,254 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Energizer by 125.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company’s stock valued at $861,000 after purchasing an additional 15,095 shares during the period. Institutional investors and hedge funds 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.