Energizer (NYSE:ENR) Downgraded to Hold Rating by StockNews.com

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

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price objective on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Thursday, January 30th. Truist Financial lifted their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, UBS Group reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer currently has an average rating of “Hold” and an average target price of $38.38.

Energizer Trading Down 2.6 %

NYSE:ENR opened at $31.29 on Tuesday. Energizer has a one year low of $26.92 and a one year high of $39.51. The company has a market cap of $2.26 billion, a PE ratio of 39.61 and a beta of 1.06. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 1.00. The firm has a 50-day moving average of $35.19 and a 200-day moving average of $33.11.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The firm had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. During the same period in the previous year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling at Energizer

In related news, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $207,115.26. The trade was a 25.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock worth $334,694 over the last ninety days. 0.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energizer

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of 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 in the last quarter. GAMMA Investing LLC raised its position in Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares during the period. Avior Wealth Management LLC lifted its stake in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock worth $65,000 after purchasing an additional 376 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Energizer by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after buying an additional 392 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Energizer by 5.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock valued at $357,000 after buying an additional 485 shares during the last quarter. 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.