Energizer Holdings, Inc. (NYSE:ENR) Receives Average Recommendation of “Buy” from Brokerages

Energizer Holdings, Inc. (NYSE:ENR) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $52.80.

Several research firms have recently issued reports on ENR. Truist lifted their price target on Energizer from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Energizer from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Royal Bank of Canada cut their target price on shares of Energizer from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, February 9th. Citigroup downgraded shares of Energizer from a “buy” rating to a “neutral” rating and boosted their target price for the company from $47.00 to $51.00 in a research note on Tuesday, February 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Energizer from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, April 16th.

Shares of NYSE:ENR traded up $0.78 during midday trading on Monday, hitting $47.99. 710,728 shares of the stock were exchanged, compared to its average volume of 577,964. The stock has a market cap of $3.28 billion, a P/E ratio of -30.37, a PEG ratio of 0.90 and a beta of 1.17. The company has a current ratio of 1.34, a quick ratio of 1.03 and a debt-to-equity ratio of 10.70. Energizer has a twelve month low of $38.59 and a twelve month high of $53.19. The company has a 50 day moving average price of $49.16 and a 200-day moving average price of $45.56.

Energizer (NYSE:ENR) last released its quarterly earnings results on Monday, May 10th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.18. The business had revenue of $685.10 million during the quarter, compared to the consensus estimate of $618.41 million. Energizer had a positive return on equity of 42.70% and a negative net margin of 3.40%. The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, equities research analysts expect that Energizer will post 3.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Monday, May 24th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, May 21st. Energizer’s dividend payout ratio is currently 51.95%.

In other news, Director Robert V. Vitale bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The stock was acquired at an average price of $42.11 per share, for a total transaction of $105,275.00. Following the acquisition, the director now owns 17,725 shares of the company’s stock, valued at $746,399.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark Stephen Lavigne bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 3rd. The shares were purchased at an average price of $41.98 per share, with a total value of $125,940.00. Following the acquisition, the chief executive officer now directly owns 137,082 shares in the company, valued at approximately $5,754,702.36. The disclosure for this purchase can be found here. Corporate insiders own 1.41% of the company’s stock.

Several large investors have recently modified their holdings of ENR. Vantage Consulting Group Inc purchased a new stake in shares of Energizer during the 4th quarter worth about $26,000. Eudaimonia Partners LLC purchased a new position in Energizer in the 4th quarter worth approximately $30,000. Ropes Wealth Advisors LLC boosted its holdings in Energizer by 207.2% in the 4th quarter. Ropes Wealth Advisors LLC now owns 1,843 shares of the company’s stock worth $78,000 after acquiring an additional 1,243 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Energizer in the 4th quarter worth approximately $102,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Energizer by 9.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 2,641 shares of the company’s stock worth $126,000 after acquiring an additional 235 shares during the period. Institutional investors and hedge funds own 86.35% 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 and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries.

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Analyst Recommendations for Energizer (NYSE:ENR)

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