Energizer (NYSE:ENR) Stock Rating Lowered by StockNews.com

Energizer (NYSE:ENR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

ENR has been the topic of several other research reports. Morgan Stanley lifted their target price on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Evercore ISI dropped their target price on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $32.00 to $39.00 in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.63.

Energizer Stock Down 1.7 %

Shares of NYSE ENR opened at $38.72 on Wednesday. The company’s 50-day simple moving average is $33.66 and its 200-day simple moving average is $31.11. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 74.46 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insiders Place Their Bets

In other Energizer news, EVP Robin Vauth sold 1,978 shares of Energizer stock in a transaction dated 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 sale, the executive vice president now directly owns 5,758 shares in the company, valued at $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 over the last ninety days. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC grew its holdings in shares of Energizer by 48.9% in the third 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 in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Energizer by 2.9% in the third 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 in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Energizer in the third quarter valued at approximately $30,000. Barclays PLC grew its holdings in shares of Energizer by 100.9% in the third 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Energizer by 125.8% in the third 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 in the last quarter. Institutional investors and hedge funds own 93.74% of the company’s stock.

Energizer Company Profile

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.