Energizer (NYSE:ENR) Earns Hold Rating from Analysts at StockNews.com

Posted by Jeff Wilder on Mar 19th, 2023

StockNews.com began coverage on shares of Energizer (NYSE:ENR – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley lifted their target price on Energizer from $32.00 to $33.00 and gave the stock an equal weight rating in a report on Wednesday, November 16th. TheStreet upgraded Energizer from a d+ rating to a c rating in a research report on Monday, February 6th. Canaccord Genuity Group dropped their price target on Energizer from $34.00 to $33.00 and set a hold rating for the company in a research report on Tuesday, February 7th. Canaccord Genuity Group began coverage on Energizer in a research report on Wednesday, November 16th. They issued a hold rating for the company. Finally, JPMorgan Chase & Co. lifted their price target on Energizer from $30.00 to $36.00 and gave the stock a neutral rating in a research report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $36.00.

Energizer Trading Down 2.5 %

Shares of ENR stock opened at $32.20 on Thursday. Energizer has a 12-month low of $24.81 and a 12-month high of $37.89. The company has a current ratio of 2.30, a quick ratio of 1.22 and a debt-to-equity ratio of 26.81. The stock’s 50-day moving average price is $35.83 and its 200-day moving average price is $32.21. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -9.44 and a beta of 0.99.

Energizer (NYSE:ENR – Get Rating) last issued its earnings results on Monday, February 6th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.04). Energizer had a positive return on equity of 65.15% and a negative net margin of 8.17%. The firm had revenue of $765.10 million during the quarter, compared to the consensus estimate of $785.95 million. During the same period last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities research analysts predict that Energizer will post 3.12 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Tuesday, February 21st were given a dividend of $0.30 per share. The ex-dividend date was Friday, February 17th. This represents a $1.20 annualized dividend and a dividend yield of 3.73%. Energizer’s dividend payout ratio (DPR) is presently -35.19%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in shares of Energizer by 2.0% during the third quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock valued at $441,000 after buying an additional 342 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Energizer by 0.4% during the fourth quarter. Pinnacle Associates Ltd. now owns 93,743 shares of the company’s stock valued at $3,096,000 after buying an additional 376 shares during the period. Retirement Systems of Alabama boosted its position in shares of Energizer by 0.5% during the third quarter. Retirement Systems of Alabama now owns 86,755 shares of the company’s stock valued at $2,181,000 after buying an additional 405 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Energizer by 11.6% in the third quarter. Public Employees Retirement System of Ohio now owns 3,919 shares of the company’s stock valued at $99,000 after purchasing an additional 408 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Energizer by 52.9% in the second quarter. Quadrant Capital Group LLC now owns 1,194 shares of the company’s stock valued at $34,000 after purchasing an additional 413 shares during the period. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Energizer Company Profile

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Energizer Holdings, Inc engages in the manufacturing, marketing, and distribution of household batteries, specialty batteries, and lighting products. The firm is also involved in designing and marketing automotive appearance, performance, refrigerant, and freshener products. It operates under the Battery and Lights, and Auto Care segments.