Barclays Raises Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR) had its price objective upped by analysts at Barclays from $31.00 to $32.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 5.68% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Truist Financial cut their price target on Energizer from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. UBS Group lifted their target price on Energizer from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Morgan Stanley raised Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price for the company in a report on Wednesday, May 8th. Finally, Canaccord Genuity Group dropped their target price on Energizer from $33.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $32.71.

Energizer Stock Down 0.8 %

ENR stock traded down $0.24 during midday trading on Friday, hitting $30.28. The company’s stock had a trading volume of 103,604 shares, compared to its average volume of 514,711. The company’s fifty day moving average price is $29.34 and its 200 day moving average price is $29.58. Energizer has a twelve month low of $26.92 and a twelve month high of $37.32. The company has a debt-to-equity ratio of 16.86, a current ratio of 2.03 and a quick ratio of 1.04. The stock has a market capitalization of $2.17 billion, a P/E ratio of 25.46 and a beta of 1.05.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, equities research analysts predict that Energizer will post 3.22 EPS for the current year.

Institutional Trading of Energizer

A number of hedge funds have recently made changes to their positions in ENR. CENTRAL TRUST Co lifted its stake in shares of Energizer by 1.5% in the fourth quarter. CENTRAL TRUST Co now owns 32,278 shares of the company’s stock worth $1,023,000 after acquiring an additional 483 shares during the period. Harvest Investment Advisors LLC increased its holdings in Energizer by 1.6% in the fourth quarter. Harvest Investment Advisors LLC now owns 38,211 shares of the company’s stock worth $1,211,000 after purchasing an additional 588 shares in the last quarter. Swiss National Bank increased its holdings in Energizer by 0.5% in the first quarter. Swiss National Bank now owns 134,525 shares of the company’s stock worth $3,960,000 after purchasing an additional 700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Energizer by 2.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,259 shares of the company’s stock worth $1,022,000 after purchasing an additional 903 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after purchasing an additional 919 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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.