Barclays Has Lowered Expectations for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its price target decreased by Barclays from $27.00 to $25.00 in a report published on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the company. StockNews.com downgraded Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group reduced their price target on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price target on shares of Energizer in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Truist Financial cut their price target on shares of Energizer from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average price target of $31.50.

Energizer Stock Down 2.7 %

Shares of NYSE ENR opened at $21.54 on Thursday. The firm has a fifty day simple moving average of $27.82 and a two-hundred day simple moving average of $32.11. The company has a current ratio of 1.80, a quick ratio of 0.94 and a debt-to-equity ratio of 22.17. The firm has a market capitalization of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77. Energizer has a 12 month low of $21.49 and a 12 month high of $39.52.

Energizer (NYSE:ENR) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Energizer had a return on equity of 168.16% and a net margin of 2.02%. The business had revenue of $662.90 million during the quarter, compared to the consensus estimate of $670.85 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts expect that Energizer will post 3.58 earnings per share for the current year.

Energizer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 5.57%. Energizer’s payout ratio is 164.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ENR. Barclays PLC lifted its stake in shares of Energizer by 100.9% in the 3rd quarter. Barclays PLC now owns 139,890 shares of the company’s stock worth $4,443,000 after purchasing an additional 70,254 shares during the period. Tidal Investments LLC raised its position in Energizer by 48.9% in the third quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock worth $434,000 after acquiring an additional 4,487 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Energizer by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 861,755 shares of the company’s stock worth $27,369,000 after acquiring an additional 37,713 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Energizer by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after acquiring an additional 356 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in shares of Energizer in the 4th quarter worth $306,000. Institutional investors own 93.74% of the company’s stock.

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.