Energizer (NYSE:ENR) Rating Lowered to “Equal Weight” at Barclays

Energizer (NYSE:ENR) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $36.00 target price on the stock, up from their previous target price of $34.00. Barclays‘s target price points to a potential downside of 3.36% from the company’s current price.

A number of other equities analysts have also recently weighed in on ENR. Truist Financial upgraded Energizer from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $40.00 in a report on Tuesday, August 27th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upgraded Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $32.00 to $39.00 in a research note on Wednesday. Finally, Evercore ISI dropped their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Energizer currently has a consensus rating of “Hold” and a consensus target price of $36.13.

Energizer Price Performance

Shares of NYSE ENR opened at $37.25 on Wednesday. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. Energizer has a 1-year low of $26.92 and a 1-year high of $39.21. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 266.09 and a beta of 1.04. The business has a 50-day moving average of $31.81 and a 200-day moving average of $30.52.

Insider Buying and Selling at Energizer

In other news, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ENR. Clarkston Capital Partners LLC lifted its stake in Energizer by 12.6% in the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after buying an additional 533,831 shares during the last quarter. LSV Asset Management raised its stake in Energizer by 2.0% during the 2nd quarter. LSV Asset Management now owns 1,606,488 shares of the company’s stock valued at $47,456,000 after acquiring an additional 31,900 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Energizer by 5.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,309,920 shares of the company’s stock valued at $38,564,000 after purchasing an additional 71,595 shares in the last quarter. Bank of New York Mellon Corp grew its position in Energizer by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,767 shares of the company’s stock valued at $29,651,000 after buying an additional 15,982 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Energizer by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after buying an additional 19,836 shares during the period. Institutional investors and hedge funds 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.