Energizer (NYSE:ENR) Rating Increased to Buy 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 report released on Saturday morning.

A number of other equities research analysts also recently issued reports on the company. UBS Group reissued a "neutral" rating and set a $29.00 price target (up previously from $23.00) on shares of Energizer in a research report 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. Truist Financial boosted their price target on Energizer from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. 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. 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 report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.43.

Energizer Trading Down 2.9%

Shares of NYSE:ENR traded down $0.83 during midday trading on Friday, reaching $27.95. The company's stock had a trading volume of 810,317 shares, compared to its average volume of 894,663. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 8.05 and a beta of 0.63. The company has a quick ratio of 0.84, a current ratio of 1.78 and a debt-to-equity ratio of 17.57. Energizer has a 1 year low of $19.70 and a 1 year high of $39.51. The business has a 50 day moving average price of $22.58 and a 200 day moving average price of $26.31.

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, beating analysts' consensus estimates of $0.61 by $0.52. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $692.67 million. Energizer had a return on equity of 181.90% and a net margin of 8.60%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. Research analysts forecast that Energizer will post 3.58 EPS for the current year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 21st will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Energizer's dividend payout ratio is presently 34.58%.

Insider Buying and Selling at Energizer

In related news, Director Donal L. Mulligan bought 10,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was bought at an average price of $23.66 per share, with a total value of $236,600.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $236,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in Energizer by 108.4% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock worth $33,000 after acquiring an additional 579 shares during the period. CX Institutional acquired a new position in Energizer in the first quarter valued at approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in Energizer in the fourth quarter valued at approximately $43,000. Curat Global LLC acquired a new position in Energizer in the first quarter valued at approximately $53,000. Finally, Hantz Financial Services Inc. boosted its stake in 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 acquiring an additional 1,615 shares during the period. 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.