Truist Financial Cuts Energizer (NYSE:ENR) Price Target to $30.00

Energizer (NYSE:ENR) had its target price decreased by Truist Financial from $40.00 to $30.00 in a research report sent to investors on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

ENR has been the topic of several other research reports. Canaccord Genuity Group dropped their price target on shares of Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. UBS Group lowered their price target on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Finally, Barclays dropped their price target on shares of Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Energizer presently has an average rating of “Hold” and an average price target of $31.50.

Energizer Price Performance

Shares of ENR opened at $21.54 on Thursday. The business’s 50-day moving average is $27.82 and its two-hundred day moving average is $32.11. The company has a market capitalization of $1.56 billion, a P/E ratio of 27.27 and a beta of 0.77. Energizer has a fifty-two week low of $21.49 and a fifty-two week high of $39.52. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80.

Energizer (NYSE:ENR) last announced 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). Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $662.90 million for the quarter, compared to analysts’ expectations of $670.85 million. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. Research analysts predict that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

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

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. CX Institutional purchased a new stake in shares of Energizer in the first quarter valued at approximately $33,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Energizer in the fourth quarter valued at approximately $43,000. Smartleaf Asset Management LLC increased 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 valued at $54,000 after purchasing an additional 753 shares during the last quarter. Finally, Curat Global LLC purchased a new position in Energizer during the first quarter worth approximately $53,000. 93.74% of the stock is currently 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.