Energizer (NYSE:ENR) Upgraded at Wall Street Zen

Key Points

• Energizer's stock rating has been upgraded from a "hold" to a "buy" by Wall Street Zen, indicating a more favorable outlook for the company.
• In recent reports, analysts have adjusted their price targets for Energizer, with UBS raising its target from $23.00 to $29.00 and Truist Financial increasing it from $30.00 to $35.00.
• The company reported a significant earnings surprise with an EPS of $1.13, exceeding expectations by $0.52, and its quarterly revenue increased by 3.4% year-over-year.

Wall Street Zen upgraded shares of Energizer (NYSE:ENR - Free Report) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts have also recently weighed in on the company. Truist Financial raised their price target on Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Canaccord Genuity Group cut their price target on Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, May 7th. UBS Group restated a "neutral" rating and issued a $29.00 price target (up from $23.00) on shares of Energizer in a research note on Tuesday, August 5th. Barclays boosted 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. Finally, JPMorgan Chase & Co. boosted their price target on Energizer from $27.00 to $28.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Energizer currently has a consensus rating of "Hold" and a consensus price target of $31.43.

Energizer Stock Up 1.6%

NYSE:ENR traded up $0.43 during midday trading on Friday, reaching $27.98. The company had a trading volume of 228,237 shares, compared to its average volume of 893,031. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.08 and a beta of 0.63. The stock's fifty day simple moving average is $22.80 and its 200-day simple moving average is $26.27. Energizer has a 12-month low of $19.70 and a 12-month high of $39.51. The company has a current ratio of 1.78, a quick ratio of 0.84 and a debt-to-equity ratio of 17.57.

Energizer (NYSE:ENR - Get Free Report) last released its 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. 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 business posted $0.79 earnings per share. Energizer's revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 21st will be paid a $0.30 dividend. 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 4.3%. Energizer's dividend payout ratio is presently 34.58%.

Insider Transactions at Energizer

In related news, Director Donal L. Mulligan bought 10,000 shares of Energizer stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $23.66 per share, with a total value of $236,600.00. Following the purchase, the director owned 10,000 shares in the company, valued at $236,600. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in Energizer by 21.6% in the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company's stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Energizer by 2.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company's stock worth $591,000 after acquiring an additional 386 shares during the period. Bank of Montreal Can boosted its holdings in Energizer by 3.3% in the 2nd quarter. Bank of Montreal Can now owns 13,701 shares of the company's stock worth $276,000 after acquiring an additional 435 shares during the period. Vestcor Inc boosted its holdings in Energizer by 3.7% in the 1st quarter. Vestcor Inc now owns 13,448 shares of the company's stock worth $402,000 after acquiring an additional 475 shares during the period. Finally, Summit Investment Advisors Inc. grew its stake in shares of Energizer by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,522 shares of the company's stock valued at $262,000 after acquiring an additional 477 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors and hedge funds.

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.