Energizer (NYSE:ENR) Price Target Lowered to $30.00 at Truist Financial

Energizer (NYSE:ENR) had its price objective trimmed by Truist Financial from $35.00 to $30.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

ENR has been the subject of several other research reports. UBS Group increased their price objective on Energizer from $30.00 to $31.00 and gave the company a neutral rating in a report on Wednesday. Morgan Stanley raised 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. StockNews.com lowered Energizer from a buy rating to a hold rating in a report on Wednesday, February 7th. Finally, Barclays dropped their price objective on shares of Energizer from $36.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $32.57.

Energizer Price Performance

Shares of ENR stock traded up $0.48 during trading hours on Wednesday, reaching $29.77. 452,434 shares of the company were exchanged, compared to its average volume of 502,186. The company has a debt-to-equity ratio of 19.36, a current ratio of 2.03 and a quick ratio of 1.15. Energizer has a fifty-two week low of $26.92 and a fifty-two week high of $37.32. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 22.96 and a beta of 1.04. The stock’s fifty day moving average is $28.42 and its two-hundred day moving average is $30.51.

Energizer (NYSE:ENR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. Sell-side analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal 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 issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.03%. Energizer’s dividend payout ratio is currently 93.02%.

Institutional Investors Weigh In On Energizer

Several hedge funds and other institutional investors have recently modified their holdings of ENR. Jones Financial Companies Lllp acquired a new stake in shares of Energizer in the 3rd quarter worth about $32,000. Signaturefd LLC lifted its holdings 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 in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Energizer during the first quarter valued at approximately $64,000. Quadrant Capital Group LLC grew its holdings in Energizer by 35.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,738 shares of the company’s stock worth $118,000 after buying an additional 987 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Energizer by 27.7% during the first quarter. SG Americas Securities LLC now owns 4,238 shares of the company’s stock worth $125,000 after buying an additional 919 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.