Energizer (NYSE:ENR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Energizer (NYSE:ENR) from a hold rating to a buy rating in a research report released on Tuesday.

A number of other research firms also recently issued reports on ENR. Evercore ISI decreased their price objective on shares of Energizer from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group increased their target price on shares of Energizer from $32.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $34.00 to $36.00 in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Energizer in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upgraded shares of Energizer from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $32.00 to $39.00 in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.63.

Energizer Stock Performance

NYSE ENR opened at $38.26 on Tuesday. Energizer has a 52-week low of $26.92 and a 52-week high of $39.21. The company has a 50-day simple moving average of $32.92 and a 200 day simple moving average of $30.88. The company has a debt-to-equity ratio of 23.51, a quick ratio of 1.00 and a current ratio of 1.80. The company has a market capitalization of $2.75 billion, a PE ratio of 73.58 and a beta of 1.04.

Energizer Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 3.14%. Energizer’s payout ratio is presently 230.77%.

Insider Buying and Selling at Energizer

In other Energizer news, 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 completion of the sale, the vice president now directly owns 4,635 shares in the company, valued at $178,401.15. The trade was a 37.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robin Vauth sold 1,978 shares of Energizer 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 sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at approximately $207,115.26. The trade was a 25.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,860 shares of company stock worth $334,694 over the last three months. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Energizer

Several hedge funds have recently bought and sold shares of ENR. Clarkston Capital Partners LLC raised its stake in shares of Energizer by 12.6% during the third quarter. Clarkston Capital Partners LLC now owns 4,775,177 shares of the company’s stock worth $151,660,000 after acquiring an additional 533,831 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Energizer by 192.5% during the second quarter. Victory Capital Management Inc. now owns 372,697 shares of the company’s stock worth $11,009,000 after acquiring an additional 245,285 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Energizer by 38.0% during the second quarter. Dimensional Fund Advisors LP now owns 872,606 shares of the company’s stock worth $25,778,000 after acquiring an additional 240,402 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of Energizer by 56.5% during the third quarter. Verition Fund Management LLC now owns 526,683 shares of the company’s stock worth $16,727,000 after acquiring an additional 190,195 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Energizer during the third quarter worth approximately $3,910,000. 93.74% of the stock is currently owned by institutional investors.

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.