Energizer (NYSE:ENR) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• The stock rating for Energizer (NYSE:ENR) was downgraded from "strong-buy" to "buy" by Wall Street Zen.
• Several analyst upgrades have occurred recently, with Barclays raising its price target to $27.00 and Truist Financial to $35.00, while maintaining a "buy" rating.
• Energizer reported a quarterly earnings per share (EPS) of $1.13, significantly outperforming analyst estimates of $0.61, with revenue of $725.30 million for the quarter.

Energizer (NYSE:ENR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

ENR has been the topic of a number of other reports. Barclays increased their price target on Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. UBS Group reaffirmed a "neutral" rating and set a $29.00 price objective (up previously from $23.00) on shares of Energizer in a report on Tuesday, August 5th. Finally, Truist Financial upped their price objective on Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Energizer has an average rating of "Hold" and an average target price of $31.43.

Energizer Stock Up 1.1%

NYSE ENR opened at $29.53 on Friday. The firm has a market cap of $2.02 billion, a PE ratio of 8.51 and a beta of 0.69. Energizer has a one year low of $19.70 and a one year high of $39.51. The stock's 50 day simple moving average is $26.14 and its 200 day simple moving average is $25.70. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.52. The business had revenue of $725.30 million for the quarter, compared to analyst estimates of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%.Energizer's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Energizer has set its Q4 2025 guidance at 1.050-1.150 EPS. FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts forecast that Energizer will post 3.58 earnings per share for the current fiscal year.

Institutional Trading of Energizer

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Energizer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,421,993 shares of the company's stock worth $281,906,000 after purchasing an additional 170,017 shares in the last quarter. Clarkston Capital Partners LLC increased its holdings in Energizer by 13.9% during the 2nd quarter. Clarkston Capital Partners LLC now owns 4,789,400 shares of the company's stock worth $96,554,000 after purchasing an additional 583,465 shares in the last quarter. LSV Asset Management increased its holdings in Energizer by 18.6% during the 2nd quarter. LSV Asset Management now owns 2,761,148 shares of the company's stock worth $55,665,000 after purchasing an additional 433,324 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Energizer by 58.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock worth $62,658,000 after purchasing an additional 775,221 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Energizer by 34.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,899,587 shares of the company's stock worth $38,296,000 after purchasing an additional 491,794 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.

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