Analysts Set Energizer Holdings, Inc. (NYSE:ENR) PT at $38.38

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given an average rating of “Hold” by the eight analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $38.38.

Several equities analysts have weighed in on ENR shares. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Truist Financial raised their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley raised their target price 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. UBS Group lowered their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, 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.

Institutional Investors Weigh In On Energizer

Institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in Energizer by 166.3% in the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after purchasing an additional 21,667 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Energizer by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 931,571 shares of the company’s stock valued at $29,587,000 after purchasing an additional 19,836 shares during the period. Point72 Asset Management L.P. purchased a new stake in Energizer in the third quarter valued at approximately $584,000. Seizert Capital Partners LLC grew its holdings in Energizer by 29.0% in the third quarter. Seizert Capital Partners LLC now owns 181,773 shares of the company’s stock valued at $5,773,000 after purchasing an additional 40,891 shares during the period. Finally, Clarkston Capital Partners LLC grew 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 purchasing an additional 533,831 shares during the period. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

Energizer Stock Up 1.1 %

Shares of NYSE ENR opened at $29.97 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The firm has a 50-day moving average price of $32.51 and a 200 day moving average price of $33.20. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 37.93 and a beta of 1.09.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The firm had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.00%. Energizer’s payout ratio is 151.90%.

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.