Energizer Holdings, Inc. (NYSE:ENR) Receives Average Rating of "Hold" from Analysts

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) have received an average recommendation of "Hold" from the eight research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.63.

ENR has been the topic of a number of analyst reports. Canaccord Genuity Group reduced their price target on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reduced 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. UBS Group reduced their price target on Energizer from $28.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays increased their price target on Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th.

Insider Buying and Selling at Energizer

In other Energizer news, CEO Mark Stephen Lavigne bought 4,000 shares of Energizer stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $21.67 per share, with a total value of $86,680.00. Following the acquisition, the chief executive officer now owns 277,645 shares in the company, valued at $6,016,567.15. This trade represents a 1.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 25,000 shares of company stock valued at $578,140. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ENR. CX Institutional bought a new position in shares of Energizer in the 1st quarter valued at $33,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Energizer by 108.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock valued at $33,000 after acquiring an additional 579 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Energizer in the 4th quarter valued at $43,000. Curat Global LLC bought a new position in shares of Energizer in the 1st quarter valued at $53,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Energizer by 94.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock valued at $54,000 after acquiring an additional 753 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors.

Energizer Stock Performance

Shares of NYSE ENR traded down $0.16 during trading hours on Wednesday, reaching $19.83. 1,339,570 shares of the stock were exchanged, compared to its average volume of 700,427. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 27.16 and a beta of 0.68. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86. Energizer has a 52 week low of $19.70 and a 52 week high of $39.52. The stock's fifty day simple moving average is $23.74 and its 200 day simple moving average is $29.42.

Energizer (NYSE:ENR - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The firm had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 184.22% and a net margin of 1.87%. Energizer's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Sell-side analysts predict that Energizer will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date was Wednesday, May 21st. Energizer's dividend payout ratio is presently 164.38%.

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.