UBS Group Issues Pessimistic Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR - Get Free Report) had its price target lowered by equities research analysts at UBS Group from $26.00 to $23.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 0.35% from the company's previous close.

A number of other brokerages have also commented on ENR. JPMorgan Chase & Co. decreased their price objective on Energizer from $36.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Truist Financial reduced their target price on Energizer from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Barclays reduced their target price on Energizer from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Canaccord Genuity Group reduced their target price on Energizer from $31.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.00.

Energizer Stock Down 1.2%

Energizer stock traded down $0.27 during midday trading on Thursday, reaching $22.92. The stock had a trading volume of 1,716,754 shares, compared to its average volume of 747,455. The company has a current ratio of 1.86, a quick ratio of 0.86 and a debt-to-equity ratio of 23.56. The company has a fifty day moving average price of $21.94 and a two-hundred day moving average price of $27.51. The company has a market capitalization of $1.65 billion, a P/E ratio of 31.40 and a beta of 0.63. Energizer has a 12 month low of $19.70 and a 12 month high of $39.52.

Energizer (NYSE:ENR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.67 EPS 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 return on equity of 184.22% and a net margin of 1.87%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, equities analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Energizer news, Director Patrick J. Moore bought 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $23.10 per share, with a total value of $231,000.00. Following the completion of the purchase, the director directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Donal L. Mulligan bought 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 10,000 shares of the company's stock, valued at $236,600. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 25,000 shares of company stock valued at $578,140 over the last ninety days. 0.98% of the stock is owned by insiders.

Institutional Trading of Energizer

Several large investors have recently modified their holdings of ENR. CX Institutional bought a new stake in shares of Energizer in the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Energizer by 108.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company's stock worth $33,000 after buying an additional 579 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Energizer in the fourth quarter worth about $43,000. GAMMA Investing LLC lifted its holdings in Energizer by 306.8% in the second quarter. GAMMA Investing LLC now owns 2,563 shares of the company's stock worth $52,000 after buying an additional 1,933 shares during the period. Finally, Curat Global LLC purchased a new stake in Energizer in the first quarter worth about $53,000. 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.