Energizer (NYSE:ENR) Given New $27.00 Price Target at Barclays

Energizer (NYSE:ENR) had its price objective cut by analysts at Barclays from $32.00 to $27.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 1.52% from the company’s current price.

A number of other research analysts have also weighed in on the stock. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a report on Thursday, January 30th. UBS Group decreased their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their target price on Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.25.

Energizer Price Performance

Energizer stock traded up $0.11 during trading hours on Friday, hitting $26.60. 673,393 shares of the stock were exchanged, compared to its average volume of 616,101. The business’s 50-day moving average is $30.05 and its two-hundred day moving average is $32.96. Energizer has a 12 month low of $25.42 and a 12 month high of $39.51. The stock has a market capitalization of $1.92 billion, a P/E ratio of 33.66 and a beta of 0.92. The company has a debt-to-equity ratio of 22.17, a quick ratio of 0.94 and a current ratio of 1.80.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $731.70 million during the quarter, compared to analyst estimates of $726.23 million. Energizer had a net margin of 2.02% and a return on equity of 168.16%. Energizer’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Equities research analysts expect that Energizer will post 3.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Energizer by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Energizer by 21.6% during the 4th quarter. Russell Investments Group Ltd. now owns 2,023 shares of the company’s stock worth $71,000 after acquiring an additional 360 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Energizer by 2.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock worth $591,000 after acquiring an additional 386 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Energizer by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock valued at $335,000 after purchasing an additional 392 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Energizer by 4.1% during the fourth quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock valued at $418,000 after purchasing an additional 470 shares in 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.