Energizer (NYSE:ENR) PT Lowered to $32.00 at Barclays

Energizer (NYSE:ENR) had its target price cut by Barclays from $36.00 to $32.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, StockNews.com downgraded shares of Energizer from a buy rating to a hold rating in a research note on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Energizer currently has a consensus rating of Hold and an average price target of $35.00.

Energizer Stock Performance

ENR stock opened at $27.44 on Friday. The stock has a market capitalization of $1.97 billion, a PE ratio of 21.27 and a beta of 1.06. Energizer has a 12-month low of $27.31 and a 12-month high of $37.32. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The stock’s 50 day simple moving average is $29.07 and its 200 day simple moving average is $30.79.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $716.60 million for the quarter, compared to analysts’ expectations of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. As a group, research analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Wednesday, February 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. Energizer’s payout ratio is 93.02%.

Institutional Trading of Energizer

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in shares of Energizer during the fourth quarter worth about $476,000. Vanguard Group Inc. grew its stake in Energizer by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock valued at $297,115,000 after acquiring an additional 79,940 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Energizer by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 211,615 shares of the company’s stock valued at $6,704,000 after purchasing an additional 29,383 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Energizer by 3.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 44,532 shares of the company’s stock valued at $1,411,000 after purchasing an additional 1,581 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Energizer in the 4th quarter worth approximately $327,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.