Barclays Issues Pessimistic Forecast for Energizer (NYSE:ENR) Stock Price

Energizer (NYSE:ENR) had its target price reduced by research analysts at Barclays from $27.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 16.06% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Energizer in a report on Thursday, January 30th. StockNews.com lowered shares of Energizer from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Canaccord Genuity Group reduced their target price on Energizer from $31.00 to $27.00 and set a “hold” rating for the company in a report on Wednesday. UBS Group cut their price objective on Energizer from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Truist Financial decreased their target price on Energizer from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.50.

Energizer Price Performance

Shares of ENR opened at $21.54 on Thursday. Energizer has a 12-month low of $21.49 and a 12-month high of $39.52. The company has a quick ratio of 0.94, a current ratio of 1.80 and a debt-to-equity ratio of 22.17. The stock has a market cap of $1.56 billion, a PE ratio of 27.27 and a beta of 0.77. The business has a 50-day simple moving average of $27.82 and a two-hundred day simple moving average of $32.11.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ENR. Barclays PLC boosted its position in shares of Energizer by 100.9% in the third quarter. Barclays PLC now owns 139,890 shares of the company’s stock valued at $4,443,000 after acquiring an additional 70,254 shares during the period. Tidal Investments LLC boosted its holdings in Energizer by 48.9% in the 3rd quarter. Tidal Investments LLC now owns 13,659 shares of the company’s stock valued at $434,000 after purchasing an additional 4,487 shares during the period. Principal Financial Group Inc. grew its position 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 valued at $27,369,000 after purchasing an additional 37,713 shares in the last quarter. GAMMA Investing LLC increased 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 worth $27,000 after purchasing an additional 356 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in Energizer in the fourth quarter valued at approximately $306,000. Hedge funds and other institutional investors 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.