Energizer's (ENR) Neutral Rating Reaffirmed at 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.

Energizer (NYSE:ENR - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at UBS Group in a research note issued on Tuesday, August 5th, Marketbeat.com reports. They presently have a $29.00 target price on the stock, up from their prior target price of $23.00. UBS Group's price objective indicates a potential upside of 5.19% from the company's current price.

Several other research analysts have also recently weighed in on ENR. Truist Financial decreased their price objective on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Barclays cut their target price on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Canaccord Genuity Group cut their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their target price 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. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $31.43.

Energizer Trading Down 1.2%

Energizer stock traded down $0.33 during trading hours on Tuesday, reaching $27.57. The stock had a trading volume of 1,339,174 shares, compared to its average volume of 897,587. The stock has a market cap of $1.88 billion, a PE ratio of 7.94 and a beta of 0.63. Energizer has a 52 week low of $19.70 and a 52 week high of $39.51. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84. The company has a fifty day simple moving average of $22.70 and a 200-day simple moving average of $26.26.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $1.13 earnings per share (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 net margin of 8.60% and a return on equity of 181.90%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. Analysts forecast that Energizer will post 3.58 EPS for the current fiscal year.

Insider Transactions at Energizer

In other news, Director Donal L. Mulligan bought 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $23.66 per share, with a total value of $236,600.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $236,600. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company's stock.

Institutional Investors Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Energizer by 108.4% during 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 last quarter. CX Institutional acquired a new position in shares of Energizer during the 1st quarter valued at about $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of Energizer during the 4th quarter valued at about $43,000. Curat Global LLC acquired a new position in shares of Energizer during the 1st quarter valued at about $53,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Energizer by 967.1% during 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 last quarter. Institutional investors and hedge funds 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.