Energizer (NYSE:ENR) Price Target Lowered to $32.00 at Canaccord Genuity Group

Energizer (NYSE:ENR) had its price target decreased by stock analysts at Canaccord Genuity Group from $33.00 to $32.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 9.70% from the company’s current price.

Several other brokerages also recently commented on ENR. Morgan Stanley upgraded shares of Energizer from an “underweight” rating to an “equal weight” rating and set a $33.00 target price on the stock in a report on Wednesday. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. UBS Group upped 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. Barclays lowered their target price on Energizer from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Truist Financial cut their price target on Energizer from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday. One 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, Energizer has an average rating of “Hold” and a consensus target price of $32.71.

Energizer Trading Up 0.7 %

Shares of ENR traded up $0.20 during trading hours on Wednesday, reaching $29.17. The stock had a trading volume of 217,810 shares, compared to its average volume of 499,335. The company has a market cap of $2.09 billion, a P/E ratio of 22.72 and a beta of 1.04. Energizer has a 52 week low of $26.92 and a 52 week high of $37.32. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The firm has a 50-day moving average of $28.41 and a 200 day moving average of $30.51.

Energizer (NYSE:ENR) last announced 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 company had revenue of $663.30 million during the quarter, compared to the consensus estimate of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. On average, sell-side analysts expect that Energizer will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Energizer during the third quarter worth about $503,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Energizer by 2.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after acquiring an additional 324 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Energizer by 5.1% during the 3rd quarter. New York State Teachers Retirement System now owns 105,872 shares of the company’s stock worth $3,392,000 after acquiring an additional 5,149 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Energizer by 5.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,066 shares of the company’s stock worth $899,000 after acquiring an additional 1,389 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC raised its stake in Energizer by 3.3% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 40,587 shares of the company’s stock valued at $1,300,000 after acquiring an additional 1,315 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.