Energizer (NYSE:ENR) Given New $32.00 Price Target at Canaccord Genuity Group

Energizer (NYSE:ENR) had its price target trimmed by Canaccord Genuity Group from $33.00 to $32.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also weighed in on ENR. UBS Group lifted their price target on shares of Energizer from $30.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday. Barclays decreased their price target on shares of Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research note on Friday, April 12th. StockNews.com downgraded shares of Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. Morgan Stanley upgraded shares of Energizer from an underweight rating to an equal weight rating and set a $33.00 price objective for the company in a research report on Wednesday. Finally, Truist Financial cut their target price on shares of Energizer from $35.00 to $30.00 and set a hold rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $32.57.

Energizer Trading Up 1.6 %

Shares of NYSE:ENR traded up $0.48 during midday trading on Wednesday, hitting $29.77. The company had a trading volume of 452,434 shares, compared to its average volume of 502,186. Energizer has a 12 month low of $26.92 and a 12 month high of $37.32. The firm has a fifty day simple moving average of $28.42 and a 200 day simple moving average of $30.51. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 22.96 and a beta of 1.04.

Energizer (NYSE:ENR) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $663.30 million for the quarter, compared to analyst estimates of $664.10 million. Energizer had a net margin of 3.21% and a return on equity of 123.29%. Energizer’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. On average, analysts predict that Energizer will post 3.21 EPS for the current year.

Energizer Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.03%. Energizer’s dividend payout ratio (DPR) is 93.02%.

Institutional Trading of Energizer

A number of large investors have recently bought and sold shares of ENR. Jones Financial Companies Lllp bought a new stake in Energizer during the 3rd quarter valued at $32,000. Signaturefd LLC raised its position in shares of Energizer by 35.3% in 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 during the period. Central Pacific Bank Trust Division purchased a new position in shares of Energizer in the first quarter valued at $64,000. Quadrant Capital Group LLC increased its position in shares of Energizer by 35.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock valued at $118,000 after buying an additional 987 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Energizer by 27.7% during the 1st 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. 93.74% of the stock is currently 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.