Energizer (NYSE:ENR) Price Target Raised to $36.00 at Morgan Stanley

Energizer (NYSE:ENR) had its price target increased by Morgan Stanley from $33.00 to $36.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently weighed in on ENR. Evercore ISI decreased their target price on Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $32.00 to $39.00 in a report on Wednesday. Truist Financial raised Energizer from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $40.00 in a report on Tuesday, August 27th. Finally, Barclays cut Energizer from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $34.00 to $36.00 in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Energizer has an average rating of “Hold” and a consensus price target of $37.63.

Energizer Stock Performance

ENR opened at $37.67 on Wednesday. Energizer has a 1-year low of $26.92 and a 1-year high of $39.21. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 269.09 and a beta of 1.04. The business has a 50 day moving average price of $31.99 and a two-hundred day moving average price of $30.57. The company has a debt-to-equity ratio of 26.04, a current ratio of 1.99 and a quick ratio of 1.01.

Energizer Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is 857.20%.

Insider Buying and Selling

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the sale, the executive vice president now owns 5,758 shares in the company, valued at $207,115.26. This represents a 25.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Energizer

Hedge funds have recently modified their holdings of the stock. M&G Plc grew its stake in Energizer by 33.0% in the second quarter. M&G Plc now owns 237,337 shares of the company’s stock valued at $7,120,000 after purchasing an additional 58,933 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Energizer by 220.3% during the 1st quarter. Tidal Investments LLC now owns 29,903 shares of the company’s stock valued at $880,000 after buying an additional 20,567 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Energizer by 31.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 107,723 shares of the company’s stock valued at $3,172,000 after buying an additional 25,732 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Energizer by 6.1% in the 2nd quarter. Gabelli Funds LLC now owns 384,650 shares of the company’s stock valued at $11,363,000 after buying an additional 22,100 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in Energizer by 126.7% in the second quarter. Maverick Capital Ltd. now owns 59,878 shares of the company’s stock worth $1,769,000 after buying an additional 33,467 shares during the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.

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.