Barclays Lowers Energizer (NYSE:ENR) Price Target to $32.00

Energizer (NYSE:ENR) had its price objective reduced by Barclays from $36.00 to $32.00 in a report issued on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts have also commented on ENR. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. StockNews.com cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, UBS Group decreased their price objective on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.88.

Energizer Stock Up 0.8 %

Energizer stock opened at $29.78 on Thursday. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 37.70 and a beta of 1.09. The firm’s fifty day moving average price is $31.57 and its two-hundred day moving average price is $33.04. Energizer has a 1-year low of $26.92 and a 1-year high of $39.52. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to the consensus estimate of $726.23 million. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. On average, equities research analysts predict that Energizer will post 3.58 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Thursday, February 20th. Energizer’s payout ratio is 151.90%.

Institutional Investors Weigh In On Energizer

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. Neo Ivy Capital Management bought a new position in shares of Energizer during the 3rd quarter worth $30,000. Public Employees Retirement System of Ohio purchased a new stake in Energizer in the 4th quarter worth about $43,000. Quarry LP bought a new stake in Energizer in the 3rd quarter valued at about $39,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock valued at $54,000 after purchasing an additional 753 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

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.