Energizer (NYSE:ENR) Given New $32.00 Price Target at Barclays

Energizer (NYSE:ENR) had its target price lowered by Barclays from $36.00 to $32.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.09% from the stock’s current price.

Several other research firms have also recently commented on ENR. StockNews.com cut 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 research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, UBS Group decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Energizer has a consensus rating of “Hold” and a consensus target price of $37.88.

Energizer Price Performance

ENR stock opened at $29.60 on Thursday. 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 company has a market capitalization of $2.14 billion, a P/E ratio of 37.47 and a beta of 1.09. The business has a 50 day simple moving average of $31.68 and a 200-day simple moving average of $33.07. Energizer has a twelve month low of $26.92 and a twelve month high of $39.52.

Energizer (NYSE:ENR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Energizer had a net margin of 2.02% and a return on equity of 168.16%. The company had revenue of $731.70 million for the quarter, compared to the consensus estimate of $726.23 million. During the same period last year, the firm posted $0.59 EPS. Energizer’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Energizer will post 3.58 EPS for the current year.

Hedge Funds Weigh In On Energizer

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Energizer by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 768 shares of the company’s stock valued at $27,000 after buying an additional 356 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Energizer by 2.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 16,935 shares of the company’s stock valued at $591,000 after purchasing an additional 386 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Energizer by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,800 shares of the company’s stock worth $335,000 after buying an additional 392 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Energizer by 4.1% during the 4th quarter. Bank of Montreal Can now owns 11,978 shares of the company’s stock worth $418,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds 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.