Energizer (NYSE:ENR) Price Target Raised to $32.00 at JPMorgan Chase & Co.

Energizer (NYSE:ENR) had its price objective increased by JPMorgan Chase & Co. from $29.00 to $32.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other analysts also recently issued research reports about the company. Truist Financial upgraded Energizer from a hold rating to a buy rating and boosted their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. Barclays increased their target price on shares of Energizer from $31.00 to $32.00 and gave the stock an overweight rating in a report on Friday, July 19th. Evercore ISI reduced their target price on Energizer from $42.00 to $40.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Finally, StockNews.com raised Energizer from a hold rating to a buy rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $35.00.

Energizer Trading Up 2.1 %

ENR stock opened at $31.70 on Friday. Energizer has a one year low of $26.92 and a one year high of $36.72. The company has a market capitalization of $2.28 billion, a PE ratio of 226.41 and a beta of 1.04. The company’s 50 day moving average price is $30.38 and its two-hundred day moving average price is $29.62. The company has a debt-to-equity ratio of 26.04, a quick ratio of 1.01 and a current ratio of 1.99.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.12. Energizer had a net margin of 0.35% and a return on equity of 137.24%. The business had revenue of $701.40 million during the quarter, compared to the consensus estimate of $704.86 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts predict that Energizer will post 3.27 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 3.79%. Energizer’s dividend payout ratio is 857.20%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. M&G Plc bought a new stake in shares of Energizer in the first quarter worth approximately $5,174,000. Vanguard Group Inc. grew its position in Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after purchasing an additional 79,940 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Energizer by 14,545.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,672 shares of the company’s stock valued at $1,492,000 after buying an additional 50,326 shares during the last quarter. Tidal Investments LLC raised its stake in Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after buying an additional 20,567 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Energizer by 31.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after buying an additional 25,732 shares during the period. Hedge funds and other 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.