Energizer Holdings, Inc. (NYSE:ENR) Receives $31.00 Consensus PT from Analysts

Energizer Holdings, Inc. (NYSE:ENR) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $31.00.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Energizer from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of Energizer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group reduced their price objective on shares of Energizer from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Zacks Research cut Energizer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Truist Financial upped their target price on Energizer from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th.

Hedge Funds Weigh In On Energizer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dark Forest Capital Management LP bought a new stake in Energizer during the third quarter worth $1,425,000. Optimist Retirement Group LLC bought a new position in shares of Energizer in the 3rd quarter valued at about $218,000. XTX Topco Ltd increased its stake in shares of Energizer by 53.5% during the 3rd quarter. XTX Topco Ltd now owns 22,935 shares of the company’s stock worth $571,000 after purchasing an additional 7,990 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Energizer by 6.2% in the 3rd quarter. Verition Fund Management LLC now owns 102,569 shares of the company’s stock valued at $2,553,000 after purchasing an additional 5,950 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Energizer in the 3rd quarter valued at about $47,000. 93.74% of the stock is owned by institutional investors.

Energizer Stock Performance

ENR opened at $23.83 on Friday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 6.87 and a beta of 0.63. The business’s 50-day moving average price is $25.32 and its two-hundred day moving average price is $24.47. Energizer has a 1 year low of $19.70 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 17.57, a current ratio of 1.78 and a quick ratio of 0.84.

Energizer (NYSE:ENR) last posted its quarterly earnings data on Wednesday, December 4th. The company reported $0.64 earnings per share (EPS) for the quarter. The business had revenue of $684.10 million during the quarter. Energizer had a return on equity of 181.90% and a net margin of 8.60%. Equities analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.0%. Energizer’s dividend payout ratio is currently 34.58%.

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.