Energizer (NYSE:ENR) PT Raised to $35.00 at Barclays

Energizer (NYSE:ENRGet Rating) had its price target increased by Barclays from $32.00 to $35.00 in a research report released on Thursday, The Fly reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group initiated coverage on shares of Energizer in a report on Thursday. They issued a hold rating and a $34.00 price target on the stock. StockNews.com initiated coverage on shares of Energizer in a report on Wednesday, October 12th. They issued a hold rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Energizer from $32.00 to $27.00 and set a neutral rating on the stock in a report on Thursday, October 13th. Morgan Stanley lifted their price target on shares of Energizer from $32.00 to $33.00 and gave the stock an equal weight rating in a report on Wednesday, November 16th. Finally, The Goldman Sachs Group dropped their price objective on shares of Energizer from $37.00 to $32.00 and set a neutral rating on the stock in a report on Monday, October 10th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer currently has an average rating of Hold and a consensus target price of $33.86.

Energizer Stock Performance

Shares of NYSE:ENR opened at $32.05 on Thursday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -9.83 and a beta of 1.02. Energizer has a 52 week low of $24.81 and a 52 week high of $41.62. The company has a quick ratio of 0.96, a current ratio of 2.28 and a debt-to-equity ratio of 26.79. The firm has a 50 day moving average of $27.96 and a 200 day moving average of $29.06.

Energizer Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 28th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Friday, November 25th. Energizer’s dividend payout ratio (DPR) is presently -36.81%.

Insider Buying and Selling at Energizer

In other Energizer news, CEO Mark Stephen Lavigne purchased 3,000 shares of the stock in a transaction on Friday, August 26th. The shares were bought at an average cost of $30.49 per share, with a total value of $91,470.00. Following the completion of the acquisition, the chief executive officer now owns 150,323 shares in the company, valued at $4,583,348.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energizer

Several hedge funds have recently added to or reduced their stakes in ENR. Kestra Advisory Services LLC boosted its holdings in Energizer by 9.8% in the first quarter. Kestra Advisory Services LLC now owns 12,030 shares of the company’s stock valued at $370,000 after purchasing an additional 1,078 shares during the last quarter. Comerica Bank raised its position in shares of Energizer by 5.7% in the first quarter. Comerica Bank now owns 78,058 shares of the company’s stock worth $2,432,000 after acquiring an additional 4,229 shares during the period. Signaturefd LLC raised its position in shares of Energizer by 418.1% in the first quarter. Signaturefd LLC now owns 886 shares of the company’s stock worth $27,000 after acquiring an additional 715 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Energizer by 6.3% in the first quarter. Mutual of America Capital Management LLC now owns 59,789 shares of the company’s stock worth $1,839,000 after acquiring an additional 3,519 shares during the period. Finally, Cannon Global Investment Management LLC raised its position in shares of Energizer by 711.7% in the first quarter. Cannon Global Investment Management LLC now owns 48,700 shares of the company’s stock worth $1,498,000 after acquiring an additional 42,700 shares during the period. 84.65% of the stock is owned by hedge funds and other institutional investors.

About Energizer

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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.

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