Canaccord Genuity Group Has Lowered Expectations for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR - Get Free Report) had its target price decreased by equities research analysts at Canaccord Genuity Group from $31.00 to $27.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 15.98% from the stock's current price.

A number of other analysts also recently commented on ENR. Barclays dropped their price objective on Energizer from $32.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Energizer in a research report on Thursday, January 30th. StockNews.com lowered Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. Truist Financial cut their target price on Energizer from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Energizer has an average rating of "Hold" and an average price target of $31.50.

Energizer Stock Performance

Shares of ENR traded up $1.72 during mid-day trading on Wednesday, hitting $23.28. The stock had a trading volume of 832,775 shares, compared to its average volume of 639,247. The company has a market cap of $1.68 billion, a PE ratio of 29.46 and a beta of 0.77. Energizer has a fifty-two week low of $21.49 and a fifty-two week high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The company's fifty day simple moving average is $27.82 and its two-hundred day simple moving average is $32.11.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. On average, equities analysts expect that Energizer will post 3.58 earnings per share for the current year.

Insider Transactions at Energizer

In related news, CEO Mark Stephen Lavigne purchased 4,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the purchase, the chief executive officer now owns 277,645 shares in the company, valued at $6,016,567.15. The trade was a 1.46% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by corporate insiders.

Institutional Trading of Energizer

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Energizer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock valued at $281,906,000 after purchasing an additional 170,017 shares during the period. LSV Asset Management boosted its stake in Energizer by 28.4% during the 1st quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock valued at $69,648,000 after purchasing an additional 515,124 shares during the period. Millennium Management LLC boosted its stake in Energizer by 66.7% during the 4th quarter. Millennium Management LLC now owns 1,240,038 shares of the company's stock valued at $43,265,000 after purchasing an additional 496,146 shares during the period. Bank of New York Mellon Corp raised its holdings in Energizer by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company's stock valued at $35,695,000 after acquiring an additional 80,163 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Energizer by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,013,896 shares of the company's stock valued at $35,375,000 after acquiring an additional 30,185 shares in the last quarter. Institutional investors own 93.74% of the company's stock.

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.