Energizer Holdings, Inc. (NYSE:ENR) Stock Now Rated “Reduce” by Sell-Side Brokerages

Shares of Energizer Holdings, Inc. (NYSE:ENR – Get Free Report) have been assigned a consensus rating of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.83.

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Energizer from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. UBS Group raised their price target on Energizer from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Canaccord Genuity Group set a $18.00 price target on Energizer in a report on Wednesday, August 5th. Weiss Ratings cut Energizer from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Energizer from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 16th.

View Our Latest Research Report on ENR

Insider Transactions at Energizer

In related news, major shareholder Aqua Capital, Ltd. purchased 60,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were bought at an average cost of $20.02 per share, for a total transaction of $1,201,200.00. Following the completion of the purchase, the insider directly owned 7,820,000 shares of the company’s stock, valued at approximately $156,556,400. This trade represents a 0.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 160,000 shares of company stock valued at $3,235,400 over the last three months. Corporate insiders own 1.63% of the company’s stock.

Institutional Trading of Energizer

Several institutional investors have recently modified their holdings of ENR. BlackRock Inc. purchased a new position in shares of Energizer in the 2nd quarter valued at $201,796,000. Clarkston Capital Partners LLC lifted its position in Energizer by 9.7% in the fourth quarter. Clarkston Capital Partners LLC now owns 4,227,520 shares of the company’s stock valued at $84,085,000 after acquiring an additional 372,465 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Energizer by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 2,060,431 shares of the company’s stock valued at $33,832,000 after acquiring an additional 16,637 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Energizer in the second quarter valued at $22,040,000. Finally, Wellington Management Group LLP boosted its stake in Energizer by 14.0% in the second quarter. Wellington Management Group LLP now owns 987,730 shares of the company’s stock valued at $21,177,000 after acquiring an additional 121,676 shares in the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Stock Performance

Shares of Energizer stock opened at $21.26 on Tuesday. Energizer has a one year low of $15.75 and a one year high of $25.35. The company has a market cap of $1.46 billion, a PE ratio of 18.02 and a beta of 0.79. The company has a debt-to-equity ratio of 16.22, a quick ratio of 1.10 and a current ratio of 2.07. The business has a 50-day simple moving average of $21.61 and a 200-day simple moving average of $20.17.

Energizer (NYSE:ENR – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.08). The firm had revenue of $734.10 million for the quarter, compared to analysts’ expectations of $720.29 million. Energizer had a return on equity of 122.63% and a net margin of 2.73%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. Energizer has set its Q4 2026 guidance at 1.250-1.350 EPS and its FY 2026 guidance at 3.600-3.600 EPS. On average, equities research analysts forecast that Energizer will post 3.31 EPS for the current fiscal year.

Energizer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Energizer’s dividend payout ratio is 101.69%.

About Energizer

(Get Free Report)

Energizer Holdings, Inc is a consumer products company that manufactures and markets batteries and automotive care products. Its battery portfolio includes alkaline, specialty and rechargeable batteries sold under brands such as Energizer, Eveready, Rayovac and Varta in select markets. The company’s products are used in household devices, electronics, toys, lighting equipment and other portable applications.

Energizer also offers automotive appearance, performance and maintenance products.

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Analyst Recommendations for Energizer (NYSE:ENR)

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