Energizer (NYSE:ENR) Price Target Increased to $29.00 by Analysts at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its price target lifted by JPMorgan Chase & Co. from $28.00 to $29.00 in a report published on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other research firms have also recently issued reports on ENR. Barclays lifted their target price on Energizer from $31.00 to $32.00 and gave the company an overweight rating in a research report on Friday, July 19th. Royal Bank of Canada reiterated a sector perform rating and set a $38.00 price objective on shares of Energizer in a research report on Wednesday. UBS Group boosted their target price on shares of Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research note on Wednesday, May 8th. Canaccord Genuity Group dropped their price target on Energizer from $33.00 to $32.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Finally, Morgan Stanley upgraded Energizer from an underweight rating to an equal weight rating and set a $33.00 price objective on the stock in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $33.13.

Energizer Price Performance

Energizer stock traded up $0.29 during trading hours on Wednesday, reaching $30.27. 19,174 shares of the stock were exchanged, compared to its average volume of 518,045. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 16.86. Energizer has a twelve month low of $26.92 and a twelve month high of $36.72. The company has a market cap of $2.17 billion, a P/E ratio of 25.18 and a beta of 1.05. The stock has a 50 day moving average of $29.55 and a two-hundred day moving average of $29.47.

Energizer (NYSE:ENR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.12. The business had revenue of $701.40 million for the quarter, compared to analysts’ expectations of $704.86 million. Energizer had a net margin of 2.97% and a return on equity of 119.16%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities analysts expect that Energizer will post 3.21 EPS for the current fiscal year.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.96%. Energizer’s dividend payout ratio (DPR) is 100.84%.

Institutional Trading of Energizer

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Energizer in the fourth quarter valued at $16,559,000. Victory Capital Management Inc. raised its holdings in Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after buying an additional 245,285 shares during the last quarter. M&G Plc bought a new position in shares of Energizer in the first quarter valued at $5,174,000. Great Lakes Advisors LLC acquired a new position in shares of Energizer during the fourth quarter valued at about $3,629,000. Finally, Verition Fund Management LLC increased its position in shares of Energizer by 197.4% during the fourth quarter. Verition Fund Management LLC now owns 159,122 shares of the company’s stock worth $5,041,000 after acquiring an additional 105,622 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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.