Energizer (NYSE:ENR) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Energizer (NYSE:ENRFree Report) from a hold rating to a buy rating in a research report report published on Thursday.

ENR has been the subject of a number of other research reports. Truist Financial upped their price target on Energizer from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays cut shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group lifted their target price on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their price target on Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.63.

Check Out Our Latest Stock Report on ENR

Energizer Trading Up 2.8 %

Shares of ENR stock opened at $35.80 on Thursday. 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 company has a market cap of $2.57 billion, a price-to-earnings ratio of 68.85 and a beta of 1.06. Energizer has a 1 year low of $26.92 and a 1 year high of $39.51. The firm has a fifty day moving average price of $35.82 and a 200-day moving average price of $32.40.

Energizer Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, November 27th. Energizer’s dividend payout ratio (DPR) is presently 230.77%.

Insiders Place Their Bets

In other 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 transaction of $71,148.66. Following the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $207,115.26. This trade represents a 25.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 transaction of $108,233.88. Following the transaction, the vice president now directly owns 4,635 shares in the company, valued at approximately $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,860 shares of company stock worth $334,694 in the last three months. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Energizer

A number of hedge funds have recently made changes to their positions in ENR. GAMMA Investing LLC raised its holdings in Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Energizer in the 3rd quarter worth approximately $30,000. Clearstead Trust LLC raised its stake in shares of Energizer by 307.1% during the 2nd quarter. Clearstead Trust LLC now owns 1,087 shares of the company’s stock worth $32,000 after acquiring an additional 820 shares in the last quarter. Quarry LP bought a new position in shares of Energizer during the 3rd quarter worth approximately $39,000. Finally, Prospera Private Wealth LLC purchased a new stake in Energizer during the third quarter valued at approximately $42,000. 93.74% of the stock is currently owned by hedge funds and other institutional investors.

About Energizer

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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.

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Analyst Recommendations for Energizer (NYSE:ENR)

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