Morgan Stanley Raises Energizer (NYSE:ENR) Price Target to $33.00

Energizer (NYSE:ENRGet Rating) had its price target lifted by Morgan Stanley from $32.00 to $33.00 in a research note released on Wednesday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.

ENR has been the subject of a number of other research reports. StockNews.com initiated coverage on Energizer in a research report on Wednesday, October 12th. They set a hold rating for the company. The Goldman Sachs Group reduced their price objective on Energizer from $37.00 to $32.00 and set a neutral rating for the company in a research note on Monday, October 10th. JPMorgan Chase & Co. reduced their price objective on Energizer from $32.00 to $27.00 and set a neutral rating for the company in a research note on Thursday, October 13th. Finally, Barclays reduced their price objective on Energizer from $38.00 to $36.00 and set an overweight rating for the company in a research note on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $33.86.

Energizer Stock Performance

Shares of ENR opened at $32.05 on Wednesday. The stock has a 50-day moving average of $27.96 and a two-hundred day moving average of $29.08. Energizer has a one year low of $24.81 and a one year high of $41.62. The company has a debt-to-equity ratio of 26.79, a quick ratio of 0.96 and a current ratio of 2.28. The stock has a market cap of $2.28 billion, a P/E ratio of -9.83 and a beta of 1.02.

Energizer Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 28th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. Energizer’s dividend payout ratio is presently -36.81%.

Insider Activity at Energizer

In other Energizer news, CEO Mark Stephen Lavigne purchased 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was purchased at an average price of $30.49 per share, for a total transaction of $91,470.00. Following the purchase, the chief executive officer now directly owns 150,323 shares in the company, valued at $4,583,348.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently bought and sold shares of the company. Securian Asset Management Inc. boosted its holdings in Energizer by 6.1% in the 1st quarter. Securian Asset Management Inc. now owns 5,881 shares of the company’s stock worth $181,000 after buying an additional 340 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Energizer by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 86,350 shares of the company’s stock worth $2,448,000 after buying an additional 342 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Energizer by 2.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,539 shares of the company’s stock worth $441,000 after buying an additional 342 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Energizer by 11.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,919 shares of the company’s stock worth $99,000 after buying an additional 408 shares during the last quarter. Finally, Smith Moore & CO. boosted its holdings in Energizer by 2.9% in the 1st quarter. Smith Moore & CO. now owns 14,413 shares of the company’s stock worth $443,000 after buying an additional 412 shares during the last quarter. 84.65% of the stock is currently owned by institutional investors and hedge funds.

Energizer Company Profile

(Get Rating)

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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.

See Also

Analyst Recommendations for Energizer (NYSE:ENR)

Receive News & Ratings for Energizer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energizer and related companies with MarketBeat.com's FREE daily email newsletter.