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

Energizer (NYSE:ENR) had its target price cut by investment analysts at JPMorgan Chase & Co. from $39.00 to $38.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 8.54% from the company’s current price.

Other analysts have also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Energizer from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Canaccord Genuity Group lifted their price target on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Truist Financial boosted their target price on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $37.50.

Energizer Trading Up 0.7 %

ENR opened at $35.01 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 23.51. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 67.33 and a beta of 1.07. Energizer has a 12 month low of $26.92 and a 12 month high of $39.51. The stock has a fifty day moving average price of $36.06 and a 200-day moving average price of $32.59.

Insider Activity

In other news, EVP Robin Vauth sold 4,070 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.16, for a total value of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares in the company, valued at $374,998.32. This represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sara B. Hampton sold 2,812 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now owns 4,635 shares of the company’s stock, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,860 shares of company stock valued at $334,694. Company insiders own 0.98% of the company’s stock.

Institutional Trading of Energizer

Several hedge funds and other institutional investors have recently bought and sold shares of ENR. Clarkston Capital Partners LLC lifted its holdings 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 acquiring an additional 533,831 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after purchasing an additional 240,402 shares during the period. Verition Fund Management LLC lifted its stake in shares of Energizer by 56.5% in the 3rd quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock valued at $16,727,000 after purchasing an additional 190,195 shares during the period. Zacks Investment Management purchased a new stake in Energizer during the third quarter worth $3,910,000. Finally, Profit Investment Management LLC acquired a new stake in Energizer during the third quarter valued at $2,238,000. 93.74% of the stock is owned by institutional investors and hedge funds.

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.