Shares of Energizer Holdings, Inc. (NYSE:ENR – Get Rating) have been given an average rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.14.
Several analysts have recently issued reports on ENR shares. TheStreet cut shares of Energizer from a “c” rating to a “d+” rating in a research report on Tuesday, November 15th. Barclays increased their price target on shares of Energizer from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, November 17th. Canaccord Genuity Group started coverage on shares of Energizer in a research report on Wednesday, November 16th. They set a “hold” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Energizer in a research report on Thursday, November 17th. They set a “hold” rating and a $34.00 price target on the stock. Finally, Morgan Stanley raised their target price on shares of Energizer from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, November 16th.
Energizer Trading Up 0.1 %
NYSE ENR opened at $36.32 on Wednesday. The firm’s 50-day moving average is $34.53 and its two-hundred day moving average is $30.74. Energizer has a 12 month low of $24.81 and a 12 month high of $39.34. The company has a debt-to-equity ratio of 26.79, a current ratio of 2.28 and a quick ratio of 1.17. The stock has a market capitalization of $2.59 billion, a P/E ratio of -11.14 and a beta of 1.03.
Energizer Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Monday, November 28th were paid a $0.30 dividend. The ex-dividend date was Friday, November 25th. This represents a $1.20 annualized dividend and a yield of 3.30%. Energizer’s dividend payout ratio is currently -36.81%.
Insider Buying and Selling at Energizer
In other Energizer news, EVP Robin Vauth sold 860 shares of the stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $32.61, for a total value of $28,044.60. Following the transaction, the executive vice president now directly owns 863 shares in the company, valued at $28,142.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Energizer
Several hedge funds have recently added to or reduced their stakes in ENR. Advisor Group Holdings Inc. increased its stake in Energizer by 15.5% in the first quarter. Advisor Group Holdings Inc. now owns 11,576 shares of the company’s stock valued at $405,000 after purchasing an additional 1,556 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Energizer by 207.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,317 shares of the company’s stock worth $471,000 after acquiring an additional 10,327 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Energizer by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 1,011,203 shares of the company’s stock worth $31,104,000 after acquiring an additional 59,124 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Energizer by 11.6% during the first quarter. HighTower Advisors LLC now owns 6,901 shares of the company’s stock worth $211,000 after acquiring an additional 716 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Energizer by 85.8% during the first quarter. PNC Financial Services Group Inc. now owns 20,064 shares of the company’s stock worth $616,000 after acquiring an additional 9,263 shares during the last quarter. 88.05% of the stock is currently 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.
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