Energizer (NYSE:ENR) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial has increased Energizer's target price from $30.00 to $35.00, suggesting a potential upside of 16.88% based on the stock's previous close.
• Energizer reported $1.13 EPS in its latest quarterly earnings, surpassing expectations and indicating a 3.4% year-over-year revenue growth.
• Currently, the stock has a consensus rating of "Hold" from analysts, with a range of price targets varying from $24.00 to $35.00.

Energizer (NYSE:ENR - Get Free Report) had its target price lifted by research analysts at Truist Financial from $30.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 16.88% from the company's previous close.

Other equities analysts have also issued reports about the stock. Barclays cut their price objective 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. JPMorgan Chase & Co. upped their price objective on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group restated a "neutral" rating and set a $29.00 target price (up previously from $23.00) on shares of Energizer in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price target on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $32.13.

Energizer Trading Up 6.8%

ENR stock opened at $29.95 on Wednesday. The company has a market cap of $2.16 billion, a P/E ratio of 8.63 and a beta of 0.63. Energizer has a twelve month low of $19.70 and a twelve month high of $39.51. The company has a quick ratio of 0.86, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. The business has a fifty day moving average of $22.22 and a 200-day moving average of $26.48.

Energizer (NYSE:ENR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.52. Energizer had a return on equity of 181.90% and a net margin of 8.60%. The firm had revenue of $725.30 million during the quarter, compared to analyst estimates of $692.67 million. During the same period last year, the company earned $0.79 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Energizer will post 3.58 EPS for the current year.

Insider Activity

In other news, Director Patrick J. Moore bought 10,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average price of $23.10 per share, with a total value of $231,000.00. Following the transaction, the director owned 15,000 shares in the company, valued at $346,500. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the director owned 10,000 shares of the company's stock, valued at $236,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 25,000 shares of company stock worth $578,140 over the last quarter. 0.98% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Energizer

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENR. CX Institutional acquired a new stake in shares of Energizer in the first quarter valued at about $33,000. Caitong International Asset Management Co. Ltd raised its stake 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 worth $33,000 after purchasing an additional 579 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Energizer by 967.1% in the second quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company's stock valued at $36,000 after buying an additional 1,615 shares in the last quarter. Blue Trust Inc. increased its holdings in Energizer by 38.9% during the second quarter. Blue Trust Inc. now owns 1,883 shares of the company's stock worth $38,000 after buying an additional 527 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Energizer in the fourth quarter valued at $43,000. 93.74% of the stock is owned by institutional investors.

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.

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