Canaccord Genuity Group Cuts Energizer (NYSE:ENR) Price Target to $20.00

Energizer (NYSE:ENR) had its price objective decreased by Canaccord Genuity Group from $29.00 to $20.00 in a research report sent to investors on Wednesday,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other equities analysts have also commented on ENR. UBS Group lowered their price target on shares of Energizer from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Wall Street Zen cut Energizer from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of Energizer in a report on Tuesday, October 14th. Zacks Research lowered shares of Energizer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Morgan Stanley decreased their price target on shares of Energizer from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.00.

Energizer Trading Up 3.3%

Shares of ENR stock opened at $18.27 on Wednesday. Energizer has a 12-month low of $17.13 and a 12-month high of $39.51. The company has a market capitalization of $1.25 billion, a PE ratio of 5.50 and a beta of 0.63. The firm has a 50 day moving average price of $24.48 and a two-hundred day moving average price of $24.28. The company has a quick ratio of 0.84, a current ratio of 2.11 and a debt-to-equity ratio of 20.06.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, November 18th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.07). The firm had revenue of $832.80 million during the quarter, compared to the consensus estimate of $830.45 million. Energizer had a net margin of 8.09% and a return on equity of 161.50%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 earnings per share. Energizer has set its Q1 2026 guidance at -0.080-0.090 EPS. FY 2026 guidance at 3.300-3.600 EPS. As a group, analysts predict that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, November 25th. Energizer’s dividend payout ratio (DPR) is currently 36.14%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new stake in Energizer during the third quarter worth approximately $29,000. Huntington National Bank lifted its position in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock valued at $29,000 after acquiring an additional 1,120 shares during the period. Versant Capital Management Inc grew its holdings in Energizer by 92.4% in the third quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock worth $31,000 after purchasing an additional 592 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Energizer by 108.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,113 shares of the company’s stock valued at $33,000 after purchasing an additional 579 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Energizer by 967.1% during the second quarter. Hantz Financial Services Inc. now owns 1,782 shares of the company’s stock valued at $36,000 after purchasing an additional 1,615 shares during the period. 93.74% of the stock is owned by institutional investors.

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.