Energizer (NYSE:ENR) Price Target Cut to $27.00 by Analysts at Barclays

Energizer (NYSE:ENR) had its price target cut by Barclays from $32.00 to $27.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 target price on shares of Energizer in a report on Thursday, January 30th. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. UBS Group cut their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Friday. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.25.

Energizer Stock Up 0.4 %

Shares of ENR opened at $26.60 on Friday. The stock’s 50-day moving average price is $29.93 and its two-hundred day moving average price is $32.95. Energizer has a 12 month low of $25.42 and a 12 month high of $39.52. The company has a market capitalization of $1.92 billion, a PE ratio of 33.66 and a beta of 0.92. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Energizer had a return on equity of 168.16% and a net margin of 2.02%. The company had revenue of $731.70 million for the quarter, compared to analyst estimates of $726.23 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Energizer will post 3.58 EPS for the current year.

Energizer Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Thursday, February 20th. Energizer’s payout ratio is 151.90%.

Institutional Trading of Energizer

Several hedge funds have recently bought and sold shares of the business. Curat Global LLC bought a new position in shares of Energizer in the first quarter valued at $53,000. Profit Investment Management LLC lifted its position in Energizer by 6.2% in the 1st quarter. Profit Investment Management LLC now owns 74,809 shares of the company’s stock valued at $2,238,000 after acquiring an additional 4,349 shares in the last quarter. Rhumbline Advisers lifted its position in Energizer by 0.4% in the 1st quarter. Rhumbline Advisers now owns 200,988 shares of the company’s stock valued at $6,014,000 after acquiring an additional 715 shares in the last quarter. GAMMA Investing LLC boosted its stake in Energizer by 2,354.4% during the 1st quarter. GAMMA Investing LLC now owns 18,850 shares of the company’s stock valued at $564,000 after purchasing an additional 18,082 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in Energizer by 29.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,200 shares of the company’s stock worth $66,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 93.74% 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, 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.