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

Energizer (NYSE:ENR) had its price objective lowered by investment analysts at UBS Group from $28.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 17.50% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Energizer from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Barclays dropped their target price on Energizer from $32.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. Truist Financial lowered their price target on Energizer from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Canaccord Genuity Group cut their price objective on shares of Energizer from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, StockNews.com downgraded shares of Energizer from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Energizer presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Energizer Stock Performance

Shares of ENR opened at $22.13 on Wednesday. Energizer has a one year low of $21.58 and a one year high of $39.52. The company has a market cap of $1.60 billion, a PE ratio of 28.01 and a beta of 0.77. The stock has a 50-day moving average of $27.99 and a 200-day moving average of $32.19. The company has a debt-to-equity ratio of 22.17, a current ratio of 1.80 and a quick ratio of 0.94.

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

Institutional Investors Weigh In On Energizer

Several large investors have recently modified their holdings of ENR. GAMMA Investing LLC lifted 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 buying an additional 356 shares during the last quarter. CX Institutional purchased a new stake in shares of Energizer during the 1st quarter valued at approximately $33,000. Public Employees Retirement System of Ohio bought a new position in Energizer in the 4th quarter worth approximately $43,000. Smartleaf Asset Management LLC lifted its position in shares of Energizer by 94.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,554 shares of the company’s stock worth $54,000 after acquiring an additional 753 shares in the last quarter. Finally, Curat Global LLC purchased a new position in shares of Energizer in the first quarter valued at $53,000. Hedge funds and other 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.