JPMorgan Chase & Co. Issues Positive Forecast for Energizer (NYSE:ENR) Stock Price

Key Points

• JPMorgan Chase & Co. raised its price target for Energizer (NYSE:ENR) from $27.00 to $28.00, indicating a potential upside of 15.54% from the company's previous close.
• Several other analysts have recently decreased their price targets for Energizer, with UBS Group setting a target of $23.00 and Barclays adjusting it to $24.00, both maintaining a "neutral" rating.
• Insiders, including Director Patrick J. Moore, have recently bought shares of Energizer, with Moore acquiring 10,000 shares valued at $231,000, indicating increased confidence in the company's future performance.

Energizer (NYSE:ENR - Get Free Report) had its price target boosted by research analysts at JPMorgan Chase & Co. from $27.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 19.24% from the company's previous close.

Several other research analysts also recently weighed in on ENR. Barclays decreased their price target on shares of Energizer from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Canaccord Genuity Group decreased their price target on shares of Energizer from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, May 7th. UBS Group reduced their price objective on shares of Energizer from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Finally, Truist Financial reduced their price objective on shares of Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $30.75.

Energizer Stock Down 0.9%

Shares of NYSE:ENR traded down $0.21 during trading on Friday, reaching $23.48. 777,816 shares of the stock traded hands, compared to its average volume of 1,098,400. The stock has a market cap of $1.70 billion, a P/E ratio of 32.17 and a beta of 0.63. The stock has a 50-day moving average of $22.02 and a two-hundred day moving average of $26.86. Energizer has a 52-week low of $19.70 and a 52-week high of $39.51. The company has a debt-to-equity ratio of 23.56, a quick ratio of 0.86 and a current ratio of 1.86.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The company had revenue of $662.90 million for the quarter, compared to the consensus estimate of $670.85 million. Energizer had a net margin of 1.87% and a return on equity of 184.22%. The firm's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. As a group, sell-side analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Insider Activity at Energizer

In other Energizer news, CEO Mark Stephen Lavigne acquired 4,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $21.67 per share, with a total value of $86,680.00. Following the purchase, the chief executive officer directly owned 277,645 shares of the company's stock, valued at approximately $6,016,567.15. This represents a 1.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donal L. Mulligan acquired 10,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $236,600. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 25,000 shares of company stock valued at $578,140. Insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Energizer

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Energizer during the 2nd quarter worth about $406,000. CWM LLC lifted its holdings in Energizer by 37.7% during the 2nd quarter. CWM LLC now owns 3,889 shares of the company's stock valued at $78,000 after buying an additional 1,065 shares in the last quarter. Inspire Investing LLC lifted its holdings in Energizer by 68.4% during the 2nd quarter. Inspire Investing LLC now owns 19,361 shares of the company's stock valued at $390,000 after buying an additional 7,866 shares in the last quarter. Blue Trust Inc. lifted its holdings in Energizer by 38.9% during the 2nd quarter. Blue Trust Inc. now owns 1,883 shares of the company's stock valued at $38,000 after buying an additional 527 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Energizer by 108.7% during the 2nd quarter. US Bancorp DE now owns 37,527 shares of the company's stock valued at $757,000 after buying an additional 19,543 shares in the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

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.