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Energizer Holdings, Inc. (NYSE:ENR) Given Average Recommendation of "Hold" by Brokerages

Defense World · Sep 22, 2022 04:32

Shares of Energizer Holdings, Inc. (NYSE:ENR – Get Rating) have been given a consensus recommendation of "Hold" by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.00.

Several analysts recently commented on the company. Morgan Stanley cut Energizer from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a report on Wednesday, August 10th. Barclays cut their price target on Energizer from $38.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. cut their price target on Energizer from $33.00 to $32.00 in a report on Tuesday, August 9th.

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Energizer Stock Performance

Shares of ENR stock opened at $28.00 on Thursday. The business's 50 day simple moving average is $29.59 and its 200 day simple moving average is $29.83. Energizer has a one year low of $25.17 and a one year high of $41.62. The stock has a market capitalization of $2.00 billion, a PE ratio of 9.43 and a beta of 0.98. The company has a debt-to-equity ratio of 7.09, a current ratio of 2.12 and a quick ratio of 0.96.

Energizer (NYSE:ENR – Get Rating) last announced its earnings results on Monday, August 8th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). Energizer had a net margin of 7.09% and a return on equity of 51.08%. The company had revenue of $728.00 million during the quarter, compared to the consensus estimate of $747.47 million. During the same quarter in the previous year, the company earned $0.74 earnings per share. The business's revenue was up .9% on a year-over-year basis. As a group, research analysts forecast that Energizer will post 3.04 earnings per share for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Monday, August 22nd. Energizer's payout ratio is 40.40%.

Insider Transactions at Energizer

In other news, CEO Mark Stephen Lavigne bought 3,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 150,323 shares of the company's stock, valued at $4,583,348.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Bill G. Armstrong sold 5,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $32.14, for a total value of $160,700.00. Following the completion of the sale, the director now directly owns 24,065 shares of the company's stock, valued at approximately $773,449.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark Stephen Lavigne purchased 3,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average cost of $30.49 per share, with a total value of $91,470.00. Following the completion of the transaction, the chief executive officer now directly owns 150,323 shares in the company, valued at approximately $4,583,348.27. The disclosure for this purchase can be found here. 0.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Energizer

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC purchased a new stake in Energizer in the 1st quarter valued at $37,000. Signaturefd LLC raised its position in Energizer by 418.1% in the 1st quarter. Signaturefd LLC now owns 886 shares of the company's stock valued at $27,000 after buying an additional 715 shares during the last quarter. Meeder Asset Management Inc. grew its stake in Energizer by 312.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 961 shares of the company's stock valued at $27,000 after purchasing an additional 728 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Energizer in the 1st quarter valued at $32,000. Finally, CX Institutional bought a new position in Energizer in the 2nd quarter valued at $32,000. 84.65% of the stock is owned by hedge funds and other institutional investors.

Energizer Company Profile

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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.