Energizer (NYSE:ENR) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research has upgraded Energizer's rating from "hold" to "strong-buy", indicating increased confidence in the company's future performance.
• Barclays and Truist Financial both raised their price targets for Energizer, with Barclays increasing it from $24.00 to $27.00 and Truist from $30.00 to $35.00.
• Energizer's stock has shown strong institutional support, with nearly 94% of its shares owned by institutional investors, indicating a solid backing from major financial entities.

Energizer (NYSE:ENR - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on ENR. Barclays lifted their price target on Energizer from $24.00 to $27.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Truist Financial boosted their target price on shares of Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Energizer from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Energizer in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.00.

Energizer Price Performance

Shares of NYSE ENR opened at $24.02 on Tuesday. Energizer has a 1 year low of $19.70 and a 1 year high of $39.51. The stock has a market capitalization of $1.64 billion, a P/E ratio of 6.92 and a beta of 0.62. The company's 50-day moving average is $27.21 and its 200 day moving average is $25.04. 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 posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share for the quarter. Energizer had a return on equity of 181.90% and a net margin of 8.60%.The business had revenue of $684.10 million for the quarter. On average, sell-side analysts expect that Energizer will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On Energizer

Institutional investors have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its holdings in Energizer by 58.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,094,195 shares of the company's stock worth $62,658,000 after acquiring an additional 775,221 shares during the last quarter. Clarkston Capital Partners LLC increased its holdings in shares of Energizer by 13.9% in 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 raised its stake in shares of Energizer by 28.4% in the first quarter. LSV Asset Management now owns 2,327,824 shares of the company's stock worth $69,648,000 after purchasing an additional 515,124 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Energizer by 34.9% during the second quarter. Gamco Investors INC. ET AL now owns 1,899,587 shares of the company's stock valued at $38,296,000 after purchasing an additional 491,794 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Energizer during the first quarter valued at $9,069,000. Hedge funds and other 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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