Canaccord Genuity Group Increases Energizer (NYSE:ENR) Price Target to $36.00

Energizer (NYSE:ENR) had its price objective raised by research analysts at Canaccord Genuity Group from $32.00 to $36.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target suggests a potential downside of 5.49% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Barclays downgraded shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $36.00 in a research report on Wednesday. Morgan Stanley lifted their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday. Evercore ISI dropped their price objective on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $40.00 in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $32.00 to $39.00 in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.63.

Energizer Stock Up 1.1 %

ENR stock opened at $38.09 on Wednesday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 73.25 and a beta of 1.04. Energizer has a twelve month low of $26.92 and a twelve month high of $39.21. The business has a 50 day moving average price of $31.99 and a two-hundred day moving average price of $30.57. The company has a quick ratio of 1.01, a current ratio of 1.80 and a debt-to-equity ratio of 23.51.

Insider Buying and Selling

In related news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total transaction of $71,148.66. Following the sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $207,115.26. This represents a 25.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Energizer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Energizer by 27.7% in the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock valued at $125,000 after purchasing an additional 919 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Energizer by 7.5% in the 1st quarter. ProShare Advisors LLC now owns 14,343 shares of the company’s stock valued at $422,000 after buying an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Energizer by 21.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,770 shares of the company’s stock worth $729,000 after acquiring an additional 4,310 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Energizer during the 1st quarter worth approximately $297,000. Finally, CANADA LIFE ASSURANCE Co increased its stake in Energizer by 31.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after acquiring an additional 25,732 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

About Energizer

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.