JPMorgan Chase & Co. Cuts Energizer (NYSE:ENR) Price Target to $19.00

Energizer (NYSE:ENR) had its target price lowered by JPMorgan Chase & Co. from $21.00 to $19.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on ENR. Zacks Research upgraded shares of Energizer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Energizer in a report on Friday, March 27th. Evercore set a $28.00 target price on shares of Energizer in a research note on Tuesday, February 10th. Canaccord Genuity Group lifted their price target on Energizer from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Finally, Barclays boosted their price target on Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Energizer currently has an average rating of “Hold” and an average price target of $23.14.

Energizer Stock Up 1.6%

NYSE:ENR opened at $18.86 on Wednesday. Energizer has a twelve month low of $16.00 and a twelve month high of $30.29. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.91 and a beta of 0.81. The company has a quick ratio of 1.07, a current ratio of 2.05 and a debt-to-equity ratio of 19.08. The stock’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $20.29.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. Energizer had a return on equity of 144.22% and a net margin of 6.55%.The company had revenue of $643.30 million during the quarter, compared to the consensus estimate of $661.92 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Energizer has set its Q3 2026 guidance at 0.750-0.850 EPS and its FY 2026 guidance at 3.300-3.600 EPS. Equities research analysts expect that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 6.4%. Energizer’s payout ratio is presently 43.96%.

Insider Buying and Selling

In related news, major shareholder Aqua Capital, Ltd. purchased 14,372 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of $17.47 per share, for a total transaction of $251,078.84. Following the purchase, the insider owned 7,019,372 shares in the company, valued at approximately $122,628,428.84. This represents a 0.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have bought 20,215 shares of company stock valued at $361,302. 1.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energizer

Several institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its stake in Energizer by 1,836.1% in the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock valued at $29,000 after purchasing an additional 1,120 shares during the period. Versant Capital Management Inc increased its position in Energizer by 92.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after buying an additional 592 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Energizer during the third quarter worth $47,000. PNC Financial Services Group Inc. lifted its holdings in shares of Energizer by 51.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock worth $31,000 after buying an additional 644 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Energizer by 93.8% in the third quarter. Smartleaf Asset Management LLC now owns 1,992 shares of the company’s stock valued at $50,000 after acquiring an additional 964 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

About Energizer

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.