Brokerages Set Energizer Holdings, Inc. (NYSE:ENR) Price Target at $38.38

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $38.38.

Several research analysts have commented on ENR shares. UBS Group cut their price objective on Energizer from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on Energizer from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley boosted their target price on shares of Energizer from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Barclays lowered shares of Energizer from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $34.00 to $36.00 in a report on Wednesday, November 20th. Finally, Canaccord Genuity Group upped their price objective on shares of Energizer from $32.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th.

Energizer Price Performance

Energizer stock opened at $34.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 23.51. The firm has a market capitalization of $2.49 billion, a P/E ratio of 66.51 and a beta of 1.07. The firm has a fifty day moving average of $36.21 and a 200-day moving average of $32.79. Energizer has a 52-week low of $26.92 and a 52-week high of $39.51.

Energizer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. Energizer’s dividend payout ratio (DPR) is 230.77%.

Insider Buying and Selling at Energizer

In other news, VP Sara B. Hampton sold 2,812 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $38.49, for a total transaction of $108,233.88. Following the completion of the transaction, the vice president now directly owns 4,635 shares of the company’s stock, valued at approximately $178,401.15. This represents a 37.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robin Vauth sold 1,978 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $35.97, for a total value of $71,148.66. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 8,860 shares of company stock worth $334,694 over the last quarter. 0.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Energizer

Several large investors have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Energizer in the 4th quarter worth about $82,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Energizer by 5.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 10,226 shares of the company’s stock valued at $357,000 after purchasing an additional 485 shares during the period. KBC Group NV boosted its position in shares of Energizer by 5,308.0% during the fourth quarter. KBC Group NV now owns 89,664 shares of the company’s stock worth $3,128,000 after buying an additional 88,006 shares during the period. Vista Investment Partners LLC bought a new position in Energizer in the 4th quarter worth approximately $553,000. Finally, Inspire Investing LLC increased its position in Energizer by 166.3% in the 4th quarter. Inspire Investing LLC now owns 34,692 shares of the company’s stock valued at $1,210,000 after acquiring an additional 21,667 shares during the period. 93.74% of the stock is owned by institutional investors and hedge funds.

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.