StockNews.com Downgrades Energizer (NYSE:ENR) to Hold

Energizer (NYSE:ENR) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley boosted their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial upped their price objective on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group raised their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.38.

Energizer Stock Up 0.0 %

ENR traded up $0.00 during trading on Friday, hitting $35.29. The company had a trading volume of 407,182 shares, compared to its average volume of 553,789. The firm’s 50-day moving average price is $36.14 and its 200 day moving average price is $32.65. The company has a market capitalization of $2.54 billion, a PE ratio of 67.87 and a beta of 1.07. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. Energizer has a one year low of $26.92 and a one year high of $39.51.

Insider Activity

In other news, EVP Robin Vauth sold 4,070 shares of the company’s stock in a transaction that occurred on 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 owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This represents a 29.29 % 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. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred 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 sale, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 over the last ninety days. 0.98% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Energizer

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in 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. Neo Ivy Capital Management bought a new stake in shares of Energizer in the third quarter valued at approximately $30,000. Quarry LP acquired a new stake in Energizer during the third quarter worth approximately $39,000. Prospera Private Wealth LLC bought a new position in Energizer during the 3rd quarter worth $42,000. Finally, Central Pacific Bank Trust Division raised its holdings in 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 acquiring an additional 1,500 shares in the last quarter. 93.74% of the stock is owned by institutional investors.

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.