UBS Group Cuts Energizer (NYSE:ENR) Price Target to $38.00

Energizer (NYSE:ENR) had its target price trimmed by UBS Group from $39.00 to $38.00 in a report released on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on ENR. JPMorgan Chase & Co. reduced their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday. StockNews.com upgraded Energizer from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Canaccord Genuity Group increased their price target on Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Finally, Barclays lowered Energizer from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.38.

Energizer Trading Up 0.0 %

NYSE:ENR opened at $35.29 on Thursday. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 67.87 and a beta of 1.07. Energizer has a one year low of $26.92 and a one year high of $39.51. The business has a fifty day moving average price of $36.14 and a 200-day moving average price of $32.67.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insider Buying and Selling at Energizer

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the transaction, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sara B. Hampton sold 2,812 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock valued at $334,694 in the last 90 days. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ENR. Clarkston Capital Partners LLC lifted its holdings in shares of Energizer by 12.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock valued at $151,660,000 after acquiring an additional 533,831 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Energizer by 38.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock valued at $25,778,000 after acquiring an additional 240,402 shares during the last quarter. Verition Fund Management LLC lifted its stake in Energizer by 56.5% in the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after purchasing an additional 190,195 shares during the last quarter. Zacks Investment Management bought a new stake in Energizer in the third quarter worth about $3,910,000. Finally, Profit Investment Management LLC bought a new stake in Energizer in the third quarter worth about $2,238,000. 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.