Energizer Holdings, Inc. (NYSE:ENR) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Energizer Holdings, Inc. has received a consensus rating of "Hold" from nine rating firms, with seven holding the stock, one assigning a buy, and another a strong buy rating.
• The company's average 12-month price target among analysts is currently $31.00, with recent upgrades and downgrades leading to varied target prices, including a buy rating from Truist Financial.
• Energizer reported a net margin of 8.60% and an EPS of $0.64 for the last quarter, along with a quarterly dividend of $0.30 that represents a yield of 4.9%.

Shares of Energizer Holdings, Inc. (NYSE:ENR - Get Free Report) have received a consensus rating of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.00.

ENR has been the topic of a number of research reports. Truist Financial upped their target price on shares of Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Energizer in a research report on Tuesday, October 14th. Wall Street Zen downgraded shares of Energizer from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Barclays upped their target price on shares of Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Energizer from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 14th.

Institutional Trading of Energizer

Hedge funds have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new stake in shares of Energizer in the 3rd quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position 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 period. Hantz Financial Services Inc. raised its position in shares of Energizer by 967.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company's stock valued at $36,000 after acquiring an additional 1,615 shares during the period. Blue Trust Inc. raised its position in shares of Energizer by 38.9% in the 2nd quarter. Blue Trust Inc. now owns 1,883 shares of the company's stock valued at $38,000 after acquiring an additional 527 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Energizer by 306.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,563 shares of the company's stock valued at $52,000 after acquiring an additional 1,933 shares during the period. 93.74% of the stock is currently owned by institutional investors and hedge funds.

Energizer Stock Down 2.2%

Shares of NYSE:ENR opened at $24.35 on Tuesday. Energizer has a 12 month low of $19.70 and a 12 month high of $39.51. The company's 50-day moving average price is $26.97 and its two-hundred day moving average price is $24.87. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The firm has a market cap of $1.66 billion, a P/E ratio of 7.02 and a beta of 0.62.

Energizer (NYSE:ENR - Get Free Report) last released its earnings results on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. Energizer had a net margin of 8.60% and a return on equity of 181.90%. The company had revenue of $684.10 million for the quarter. As a group, research analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, August 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, August 21st. Energizer's dividend payout ratio (DPR) is currently 34.58%.

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.

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