Energizer (NYSE:ENR) Given Hold (C) Rating at Weiss Ratings

Key Points

• Energizer's stock has been assigned a "hold (c)" rating by Weiss Ratings, maintaining its current consensus rating of "Hold" across the board.
• Several analysts have adjusted their price targets for Energizer, with JPMorgan raising it to $28.00 and Truist Financial increasing it to $35.00, indicating a mixed outlook.
• The company recently traded down 0.2% to $23.68, with a market cap of $1.62 billion and a significant debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR - Get Free Report)'s stock had its "hold (c)" rating restated by analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

Several other research analysts have also issued reports on the stock. Wall Street Zen lowered shares of Energizer from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Truist Financial raised their price objective on shares of Energizer from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Barclays raised their price objective on shares of Energizer from $24.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, UBS Group reduced their price objective on shares of Energizer from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.00.

Energizer Trading Down 0.2%

Energizer stock traded down $0.05 during mid-day trading on Tuesday, hitting $23.68. 228,528 shares of the stock were exchanged, compared to its average volume of 883,017. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. Energizer has a 12 month low of $19.70 and a 12 month high of $39.51. The firm's fifty day simple moving average is $27.45 and its two-hundred day simple moving average is $25.06. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 6.83 and a beta of 0.62.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly 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 firm had revenue of $684.10 million during the quarter. Analysts forecast that Energizer will post 3.58 EPS for the current year.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently made changes to their positions in ENR. GAMMA Investing LLC raised its stake in Energizer by 2,354.4% in the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company's stock valued at $564,000 after acquiring an additional 18,082 shares during the period. CX Institutional purchased a new position in shares of Energizer during the first quarter worth about $33,000. Exchange Traded Concepts LLC purchased a new position in shares of Energizer during the first quarter worth about $1,808,000. Principal Financial Group Inc. grew its holdings in shares of Energizer by 1.5% during the first quarter. Principal Financial Group Inc. now owns 907,826 shares of the company's stock worth $27,162,000 after purchasing an additional 13,453 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Energizer by 4.3% during the first quarter. OneDigital Investment Advisors LLC now owns 17,667 shares of the company's stock worth $529,000 after purchasing an additional 732 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.

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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