Energizer (NYSE:ENR) Price Target Cut to $32.00 by Analysts at Canaccord Genuity Group

Energizer (NYSE:ENR) had its price objective cut by Canaccord Genuity Group from $33.00 to $32.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued reports about the company. Truist Financial decreased their target price on Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research report on Wednesday. Morgan Stanley raised Energizer from an underweight rating to an equal weight rating and set a $33.00 price target on the stock in a research note on Wednesday. StockNews.com downgraded Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. UBS Group increased their target price on Energizer from $30.00 to $31.00 and gave the stock a neutral rating in a research report on Wednesday. Finally, Barclays dropped their price objective on shares of Energizer from $36.00 to $32.00 and set an overweight rating for the company in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Energizer presently has an average rating of Hold and a consensus price target of $32.57.

Energizer Stock Performance

ENR traded up $0.48 during trading on Wednesday, reaching $29.77. The company’s stock had a trading volume of 452,434 shares, compared to its average volume of 502,186. The company’s fifty day moving average price is $28.42 and its 200-day moving average price is $30.51. Energizer has a 52-week low of $26.92 and a 52-week high of $37.32. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 22.96 and a beta of 1.04. The company has a debt-to-equity ratio of 19.36, a quick ratio of 1.15 and a current ratio of 2.03.

Energizer (NYSE:ENR) last issued its earnings results on Tuesday, May 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The company had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. On average, equities analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd 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 4.03%. The ex-dividend date is Tuesday, May 21st. Energizer’s payout ratio is currently 93.02%.

Hedge Funds Weigh In On Energizer

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Energizer during the third quarter worth about $503,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Energizer by 2.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,695 shares of the company’s stock worth $535,000 after acquiring an additional 324 shares during the period. New York State Teachers Retirement System grew its position in Energizer by 5.1% in the third quarter. New York State Teachers Retirement System now owns 105,872 shares of the company’s stock valued at $3,392,000 after acquiring an additional 5,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Energizer by 5.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,066 shares of the company’s stock valued at $899,000 after purchasing an additional 1,389 shares during the period. Finally, Eagle Bluffs Wealth Management LLC lifted its position in shares of Energizer by 3.3% during the third quarter. Eagle Bluffs Wealth Management LLC now owns 40,587 shares of the company’s stock worth $1,300,000 after purchasing an additional 1,315 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.