Energizer (NYSE:ENR) Price Target Cut to $38.00 by Analysts at UBS Group

Energizer (NYSE:ENR) had its price target lowered by UBS Group from $39.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $34.00 to $36.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group boosted their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. StockNews.com raised Energizer from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. lowered their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Truist Financial upped their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.38.

Energizer Stock Up 0.9 %

ENR stock opened at $35.26 on Thursday. Energizer has a 52 week low of $26.92 and a 52 week high of $39.51. The business has a 50-day simple moving average of $36.10 and a 200 day simple moving average of $32.61. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The company has a market cap of $2.54 billion, a PE ratio of 67.81 and a beta of 1.07.

Energizer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. Energizer’s dividend payout ratio is currently 230.77%.

Insider Activity

In related news, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total value of $108,233.88. Following the completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $38.16, for a total value of $155,311.20. Following the transaction, the executive vice president now directly owns 9,827 shares in the company, valued at $374,998.32. The trade was a 29.29 % 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. 0.98% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Energizer

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management bought a new stake in Energizer in the fourth quarter valued at approximately $306,000. Central Pacific Bank Trust Division lifted its stake in shares of Energizer by 750.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $59,000 after purchasing an additional 1,500 shares during the period. GAMMA Investing LLC lifted its stake in shares of Energizer by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. Principal Financial Group Inc. grew its stake in Energizer by 4.6% during the third quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock worth $27,369,000 after purchasing an additional 37,713 shares during the period. Finally, Tidal Investments LLC increased its holdings in Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock worth $434,000 after purchasing an additional 4,487 shares in the last quarter. Institutional investors and hedge funds 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.