Truist Financial Issues Positive Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price hoisted by Truist Financial from $40.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 19.02% from the stock’s current price.

Several other research firms have also commented on ENR. Canaccord Genuity Group raised their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday. Morgan Stanley lifted their target price on Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Energizer in a research report on Wednesday, August 7th. Evercore ISI dropped their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised shares of Energizer from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $32.00 to $39.00 in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.63.

Energizer Trading Up 1.5 %

Shares of NYSE:ENR traded up $0.56 during mid-day trading on Wednesday, reaching $37.81. 342,144 shares of the company were exchanged, compared to its average volume of 571,259. Energizer has a 1 year low of $26.92 and a 1 year high of $39.21. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01. The firm’s 50-day simple moving average is $31.81 and its 200 day simple moving average is $30.52. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 271.09 and a beta of 1.04.

Insider Transactions at Energizer

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade 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 this link. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its stake in Energizer by 1.6% in the third quarter. US Bancorp DE now owns 19,593 shares of the company’s stock valued at $622,000 after acquiring an additional 308 shares in the last quarter. Capital Insight Partners LLC grew its stake in Energizer by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 13,284 shares of the company’s stock worth $392,000 after buying an additional 330 shares during the last quarter. Arizona State Retirement System increased its position in Energizer by 1.9% during the second quarter. Arizona State Retirement System now owns 19,091 shares of the company’s stock worth $564,000 after buying an additional 353 shares during the period. Avior Wealth Management LLC lifted its stake in Energizer by 22.4% in the third quarter. Avior Wealth Management LLC now owns 2,058 shares of the company’s stock valued at $65,000 after buying an additional 376 shares during the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in shares of Energizer by 0.3% in the second quarter. Great Lakes Advisors LLC now owns 114,502 shares of the company’s stock valued at $3,382,000 after acquiring an additional 382 shares during the period. 93.74% of the stock is owned by hedge funds and other 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.