Energizer (NYSE:ENR) Receives "Neutral" Rating from UBS Group

Key Points

• UBS Group has raised Energizer's price target from $23.00 to $29.00, indicating a potential upside of 3.52% from the stock's previous close.
• Energizer reported quarterly earnings of $1.13 per share, surpassing analysts' expectations of $0.61, with a revenue of $725.30 million, up 3.4% year-over-year.
• Insiders have been actively buying shares, with Director Donal L. Mulligan increasing his stake by purchasing 10,000 shares at an average price of $23.66 per share.

UBS Group reiterated their neutral rating on shares of Energizer (NYSE:ENR - Free Report) in a report published on Tuesday morning, Marketbeat.com reports. UBS Group currently has a $29.00 target price on the stock, up from their prior target price of $23.00.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group decreased their target price on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. Barclays cut their target price on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Truist Financial reduced their price target on Energizer from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Energizer currently has an average rating of "Hold" and a consensus target price of $32.50.

Energizer Stock Down 0.5%

Energizer stock opened at $29.71 on Tuesday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 8.56 and a beta of 0.63. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.86 and a current ratio of 1.78. The firm has a 50 day moving average price of $22.35 and a two-hundred day moving average price of $26.51. Energizer has a 52-week low of $19.70 and a 52-week high of $39.51.

Energizer (NYSE:ENR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.52. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. Equities analysts predict that Energizer will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Energizer's payout ratio is currently 34.58%.

Insider Transactions at Energizer

In other Energizer news, Director Donal L. Mulligan acquired 10,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at $236,600. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Moore acquired 10,000 shares of the stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $23.10 per share, for a total transaction of $231,000.00. Following the purchase, the director directly owned 15,000 shares of the company's stock, valued at $346,500. The trade was a 200.00% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 25,000 shares of company stock worth $578,140 over the last quarter. 0.98% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Energizer

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC lifted its position in shares of Energizer by 264.5% during the 2nd quarter. Penserra Capital Management LLC now owns 7,374 shares of the company's stock worth $148,000 after buying an additional 5,351 shares during the last quarter. NewSquare Capital LLC grew its stake in Energizer by 3.3% during the 2nd quarter. NewSquare Capital LLC now owns 111,362 shares of the company's stock worth $2,245,000 after buying an additional 3,596 shares during the last quarter. Bryce Point Capital LLC increased its holdings in shares of Energizer by 48.1% in the 2nd quarter. Bryce Point Capital LLC now owns 36,492 shares of the company's stock valued at $736,000 after acquiring an additional 11,858 shares during the period. Hussman Strategic Advisors Inc. boosted its stake in Energizer by 50.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the company's stock worth $1,270,000 after purchasing an additional 21,000 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Energizer by 3.3% during the second quarter. Bank of Montreal Can now owns 13,701 shares of the company's stock worth $276,000 after buying an additional 435 shares during the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.