Canaccord Genuity Group Cuts Energizer (NYSE:ENR) Price Target to $19.00

Key Points

• Canaccord Genuity cut its price target on Energizer (ENR) from $20 to $19 and kept a "hold" rating, implying almost no upside (~0.4%) from the recent close; the consensus remains a "Hold" with an average target of $23.29.
• Q2 results were mixed: adjusted EPS beat ($0.94 vs. $0.47) helped by a ~$47.6M tariff refund and stronger margins, but revenue missed estimates and Q3 guidance ($0.75–$0.85) came in below street expectations, limiting near-term upside.
• Insider activity included a small purchase by major shareholder Aqua Capital, and institutional investors own roughly 93.7% of the shares; the stock trades near $18.93 with a P/E of about 6.4, indicating modest market valuation.

Energizer (NYSE:ENR - Get Free Report) had its price target reduced by equities research analysts at Canaccord Genuity Group from $20.00 to $19.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 0.39% from the company's previous close.

Several other equities analysts also recently commented on the company. Barclays raised their target price on Energizer from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. cut their target price on Energizer from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Wednesday. UBS Group raised their target price on Energizer from $17.00 to $19.00 and gave the stock a "neutral" rating in a research report on Wednesday. Evercore set a $28.00 price objective on Energizer in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded Energizer from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $23.29.

Energizer Stock Performance

Shares of NYSE:ENR traded up $1.08 on Wednesday, hitting $18.93. The company's stock had a trading volume of 2,035,897 shares, compared to its average volume of 1,268,798. Energizer has a 12 month low of $16.00 and a 12 month high of $30.29. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 6.37 and a beta of 0.81. The stock's 50-day moving average is $18.58 and its two-hundred day moving average is $20.37. The company has a debt-to-equity ratio of 23.49, a quick ratio of 1.07 and a current ratio of 1.99.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. Energizer had a return on equity of 143.24% and a net margin of 7.11%.The business had revenue of $643.30 million during the quarter, compared to analyst estimates of $661.92 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The company's revenue was down 3.0% on a year-over-year basis. Energizer has set its Q3 2026 guidance at 0.750-0.850 EPS and its FY 2026 guidance at 3.300-3.600 EPS. On average, equities research analysts forecast that Energizer will post 3.37 EPS for the current year.

Insider Activity at Energizer

In related news, major shareholder Aqua Capital, Ltd. acquired 4,200 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The stock was acquired at an average cost of $18.85 per share, with a total value of $79,170.00. Following the completion of the purchase, the insider directly owned 7,025,215 shares in the company, valued at approximately $132,425,302.75. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 20,215 shares of company stock worth $361,302 over the last ninety days. 1.63% of the stock is owned by insiders.

Hedge Funds Weigh In On Energizer

Institutional investors have recently modified their holdings of the business. Huntington National Bank lifted its holdings in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company's stock valued at $29,000 after purchasing an additional 1,120 shares in the last quarter. Versant Capital Management Inc raised its holdings in Energizer by 92.4% during the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company's stock worth $31,000 after acquiring an additional 592 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Energizer by 148.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company's stock worth $41,000 after acquiring an additional 1,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Energizer in the third quarter valued at approximately $47,000. Finally, Public Employees Retirement System of Ohio raised its stake in Energizer by 25.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,479 shares of the company's stock valued at $49,000 after buying an additional 503 shares during the period. Institutional investors own 93.74% of the company's stock.

Key Headlines Impacting Energizer

Here are the key news stories impacting Energizer this week:

• Positive Sentiment: Energizer reported an adjusted EPS beat (adjusted EPS $0.94 vs. consensus $0.47), which supports upside to the stock by showing stronger profitability than expected. Zacks: ENR Surpasses Q2 Estimates
• Positive Sentiment: Management highlighted a tariff-refund benefit (~$47.6M) that materially boosted adjusted margins (adjusted gross margin ~44.4%), indicating near-term margin expansion helped results. PR Newswire: Q2 Results
• Positive Sentiment: Product innovation: Energizer launched “Energizer Ultimate Child Shield” coin lithium batteries — a safety-differentiated product that could support brand positioning and reduce regulatory/liability risk. PR Newswire: Product Launch
• Neutral Sentiment: FY2026 adjusted EPS guidance was updated to $3.30–$3.60, roughly in line with street expectations (consensus ~3.34), so the full-year outlook is not a clear catalyst in either direction. PR Newswire: Q2 Results
• Neutral Sentiment: Company conference call and earnings transcripts are available for investors seeking detail on drivers (pricing, mix, channel timing) behind the reported numbers. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Q3 guidance was set at $0.75–$0.85 EPS, below the consensus (~$0.93), which raises near-term execution concerns and likely capped some upside from the quarter’s beat. PR Newswire: Q2 Results
• Negative Sentiment: Revenue declined year-over-year and missed estimates (Net sales $643.3M vs. est. ~$661.9M), signaling volume/timing and mix pressures even as margins improved. MSN: Revenue Miss
• Negative Sentiment: JPMorgan cut its price target from $21 to $19 and moved to a Neutral rating, signaling limited near-term upside from an analyst standpoint. TickerReport / Benzinga: JPMorgan PT Cut

Energizer Company Profile

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company's primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.

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