Energizer (NYSE:ENR) Upgraded to “Buy” at StockNews.com

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

ENR has been the topic of several other reports. Canaccord Genuity Group lifted their price objective 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. Truist Financial raised their price target on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays downgraded Energizer from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised Energizer from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $32.00 to $39.00 in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.63.

Energizer Price Performance

Shares of NYSE ENR opened at $36.75 on Thursday. Energizer has a 1-year low of $26.92 and a 1-year high of $39.51. The firm has a market capitalization of $2.64 billion, a PE ratio of 70.67 and a beta of 1.06. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The business’s fifty day moving average price is $34.70 and its two-hundred day moving average price is $31.54.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Clarkston Capital Partners LLC raised its holdings in Energizer by 12.6% during the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after buying an additional 533,831 shares during the period. LSV Asset Management increased its position in shares of Energizer by 2.0% in the second quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock worth $47,456,000 after acquiring an additional 31,900 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Energizer by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after acquiring an additional 15,982 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Energizer by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after acquiring an additional 19,836 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after purchasing an additional 240,402 shares during the period. 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.