Energizer (NYSE:ENR) Raised to “Buy” at StockNews.com

Energizer (NYSE:ENR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other brokerages have also recently commented on ENR. Canaccord Genuity Group raised their target price on Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their price objective on shares of Energizer from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial increased their target price on shares of Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group cut their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.38.

Energizer Trading Down 0.1 %

Shares of NYSE:ENR traded down $0.04 during midday trading on Monday, reaching $33.95. 674,190 shares of the company’s stock were exchanged, compared to its average volume of 523,009. The firm’s 50 day simple moving average is $35.83 and its two-hundred day simple moving average is $33.05. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $39.51. The company has a debt-to-equity ratio of 23.51, a current ratio of 1.80 and a quick ratio of 1.00. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 65.29 and a beta of 1.06.

Insiders Place Their Bets

In other Energizer news, EVP Robin Vauth sold 1,978 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 5,758 shares in the company, valued at approximately $207,115.26. This represents a 25.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sara B. Hampton sold 2,812 shares of Energizer stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $38.49, for a total value of $108,233.88. Following the sale, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. This trade represents a 37.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock valued at $334,694 over the last quarter. Insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Energizer

Several institutional investors have recently bought and sold shares of ENR. Sei Investments Co. grew its holdings in Energizer by 26.6% during the second quarter. Sei Investments Co. now owns 19,394 shares of the company’s stock worth $573,000 after acquiring an additional 4,076 shares during the period. AQR Capital Management LLC raised its holdings in shares of Energizer by 145.9% in the 2nd quarter. AQR Capital Management LLC now owns 77,405 shares of the company’s stock worth $2,287,000 after purchasing an additional 45,923 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Energizer by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,732 shares of the company’s stock valued at $1,085,000 after purchasing an additional 1,562 shares during the last quarter. Algert Global LLC bought a new stake in Energizer during the second quarter worth approximately $203,000. Finally, Creative Planning increased its holdings in shares of Energizer by 95.2% in the second quarter. Creative Planning now owns 17,327 shares of the company’s stock valued at $512,000 after buying an additional 8,450 shares in the last quarter. Institutional investors and hedge funds 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.