Energizer (NYSE:ENR) PT Lowered to $32.00 at Barclays

Energizer (NYSE:ENR) had its target price cut by Barclays from $36.00 to $32.00 in a research report report published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Separately, StockNews.com lowered Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $35.00.

Energizer Trading Down 0.3 %

Shares of Energizer stock opened at $27.36 on Friday. Energizer has a 12-month low of $26.97 and a 12-month high of $37.32. The stock has a market cap of $1.96 billion, a P/E ratio of 21.21 and a beta of 1.06. The company has a quick ratio of 1.15, a current ratio of 2.03 and a debt-to-equity ratio of 19.36. The business’s 50 day moving average is $29.00 and its 200-day moving average is $30.76.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, February 6th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The business had revenue of $716.60 million for the quarter, compared to analyst estimates of $710.73 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS. Equities research analysts predict that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Wednesday, February 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Tuesday, February 20th. Energizer’s payout ratio is currently 93.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. KBC Group NV acquired a new stake in Energizer in the fourth quarter valued at about $25,000. Jones Financial Companies Lllp acquired a new stake in shares of Energizer during the third quarter valued at about $32,000. Ancora Advisors LLC acquired a new stake in shares of Energizer during the first quarter valued at about $37,000. Signaturefd LLC boosted its stake in shares of Energizer by 35.3% during the third quarter. Signaturefd LLC now owns 1,384 shares of the company’s stock valued at $44,000 after purchasing an additional 361 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Energizer by 107.4% during the first quarter. Captrust Financial Advisors now owns 2,014 shares of the company’s stock valued at $62,000 after purchasing an additional 1,043 shares in the last quarter. 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.