Truist Financial Issues Positive Forecast for Energizer (NYSE:ENR) Stock Price

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 - Free Report) had its price objective hoisted by Truist Financial from $30.00 to $35.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group reiterated a "neutral" rating and set a $29.00 target price (up previously from $23.00) on shares of Energizer in a research report on Tuesday, August 5th. Barclays cut their price objective on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Canaccord Genuity Group lowered their target price on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price target on Energizer from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $31.43.

Energizer Stock Performance

Shares of Energizer stock traded down $0.30 on Wednesday, reaching $28.76. 647,187 shares of the company traded hands, compared to its average volume of 1,362,107. The company has a 50 day moving average of $22.58 and a 200 day moving average of $26.36. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.86. Energizer has a 52 week low of $19.70 and a 52 week high of $39.51. The firm has a market capitalization of $1.96 billion, a PE ratio of 8.29 and a beta of 0.63.

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

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, August 21st. Energizer's payout ratio is presently 34.58%.

Insider Transactions at Energizer

In other Energizer news, Director Patrick J. Moore acquired 10,000 shares of the business's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $23.10 per share, with a total value of $231,000.00. Following the completion of the acquisition, the director owned 15,000 shares of the company's stock, valued at $346,500. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donal L. Mulligan bought 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $23.66 per share, for a total transaction of $236,600.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders acquired a total of 21,000 shares of company stock worth $491,460 over the last 90 days. Corporate insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ENR. LPL Financial LLC boosted its holdings in shares of Energizer by 14.0% in the 4th quarter. LPL Financial LLC now owns 11,804 shares of the company's stock worth $412,000 after purchasing an additional 1,446 shares in the last quarter. JPMorgan Chase & Co. grew its position in Energizer by 76.4% during the fourth quarter. JPMorgan Chase & Co. now owns 414,473 shares of the company's stock valued at $14,461,000 after acquiring an additional 179,521 shares during the last quarter. Norges Bank bought a new position in Energizer during the fourth quarter valued at approximately $7,277,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Energizer during the fourth quarter worth approximately $574,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Energizer in the 4th quarter worth approximately $441,000. Institutional investors own 93.74% of the company's stock.

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.