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

Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) has received an average rating of "Hold" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $31.63.

Several research firms have commented on ENR. Barclays increased their target price on shares of Energizer from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Energizer from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $36.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group lowered 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.

Energizer Stock Up 1.9%

Shares of NYSE ENR traded up $0.43 during mid-day trading on Friday, reaching $23.26. The company had a trading volume of 847,903 shares, compared to its average volume of 661,979. Energizer has a twelve month low of $21.49 and a twelve month high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80. The stock has a market capitalization of $1.68 billion, a PE ratio of 29.45 and a beta of 0.77. The stock's 50 day moving average is $25.89 and its 200-day moving average is $31.19.

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

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Wednesday, May 21st. Energizer's payout ratio is presently 164.38%.

Insider Activity at Energizer

In other Energizer news, CEO Mark Stephen Lavigne purchased 4,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $21.67 per share, for a total transaction of $86,680.00. Following the completion of the purchase, the chief executive officer now directly owns 277,645 shares in the company, valued at approximately $6,016,567.15. This trade represents a 1.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donal L. Mulligan purchased 10,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were acquired at an average price of $23.66 per share, with a total value of $236,600.00. Following the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $236,600. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 25,000 shares of company stock worth $578,140. Company insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CX Institutional acquired a new stake in shares of Energizer during the first quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Energizer by 108.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock worth $33,000 after buying an additional 579 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Energizer during the fourth quarter worth approximately $43,000. Curat Global LLC acquired a new stake in shares of Energizer during the first quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company's stock worth $54,000 after buying an additional 753 shares in the last quarter. 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.