Energizer (NYSE:ENR) Price Target Lowered to $27.00 at Canaccord Genuity Group

Energizer (NYSE:ENR) had its price target reduced by Canaccord Genuity Group from $31.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

Several other brokerages have also recently weighed in on ENR. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Energizer in a research note on Thursday, January 30th. Barclays cut their price objective on Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. UBS Group reduced their target price on shares of Energizer from $36.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, Truist Financial decreased their price objective on Energizer from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average price target of $31.50.

Energizer Stock Performance

ENR opened at $21.54 on Wednesday. The firm has a market cap of $1.56 billion, a P/E ratio of 27.27 and a beta of 0.77. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94. The company has a 50 day simple moving average of $27.82 and a two-hundred day simple moving average of $32.11. Energizer has a 1-year low of $21.49 and a 1-year high of $39.52.

Energizer (NYSE:ENR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The business had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. Equities analysts forecast that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. Energizer’s dividend payout ratio is presently 164.38%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC increased its holdings in shares of Energizer by 166.3% during the fourth quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after acquiring an additional 21,667 shares in the last quarter. Vista Investment Partners LLC acquired a new position in Energizer during the 4th quarter valued at approximately $553,000. Smartleaf Asset Management LLC raised its holdings in shares of Energizer by 94.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after buying an additional 753 shares during the last quarter. KBC Group NV raised its holdings in shares of Energizer by 5,308.0% in the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after buying an additional 88,006 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Energizer by 8.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,023,083 shares of the company’s stock worth $35,695,000 after buying an additional 80,163 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

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.