Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) PT at $37.63

Shares of Energizer Holdings, Inc. (NYSE:ENR) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $37.63.

Several equities research analysts have recently commented on ENR shares. Truist Financial boosted their target price on shares of Energizer from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $32.00 to $39.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group raised their price objective on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $34.00 to $36.00 in a research note on Wednesday, November 20th. Finally, Evercore ISI decreased their price target on Energizer from $42.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th.

Insider Buying and Selling

In other Energizer news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $38.49, for a total transaction of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This represents a 37.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robin Vauth sold 4,070 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.16, for a total transaction of $155,311.20. Following the sale, the executive vice president now owns 9,827 shares of the company’s stock, valued at approximately $374,998.32. This represents a 29.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,860 shares of company stock worth $334,694 in the last quarter. Insiders own 0.77% of the company’s stock.

Institutional Trading of Energizer

Several institutional investors and hedge funds have recently made changes to their positions in ENR. Tidal Investments LLC boosted its position in shares of Energizer by 48.9% in the 3rd quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock worth $434,000 after purchasing an additional 4,487 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Energizer by 2.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 18,353 shares of the company’s stock worth $583,000 after buying an additional 513 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Energizer during the 3rd quarter worth about $30,000. Barclays PLC increased its stake in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after acquiring an additional 70,254 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Energizer by 125.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 27,095 shares of the company’s stock valued at $861,000 after acquiring an additional 15,095 shares during the period. Institutional investors own 93.74% of the company’s stock.

Energizer Price Performance

Energizer stock opened at $39.39 on Friday. The business has a 50 day simple moving average of $33.48 and a 200 day simple moving average of $31.05. Energizer has a one year low of $26.92 and a one year high of $39.51. The company has a market capitalization of $2.83 billion, a PE ratio of 75.75 and a beta of 1.04. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00.

Energizer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, November 27th. Energizer’s dividend payout ratio is currently 230.77%.

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.