UBS Group Boosts Energizer (NYSE:ENR) Price Target to $31.00

Energizer (NYSE:ENR) had its price target upped by UBS Group from $30.00 to $31.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of Energizer from an underweight rating to an equal weight rating and set a $33.00 price target on the stock in a research note on Wednesday. StockNews.com cut Energizer from a buy rating to a hold rating in a research report on Wednesday, February 7th. Finally, Barclays reduced their price target on Energizer from $36.00 to $32.00 and set an overweight rating for the company in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $32.57.

Energizer Stock Performance

Shares of NYSE ENR traded up $0.38 during midday trading on Wednesday, reaching $29.67. 136,871 shares of the company were exchanged, compared to its average volume of 498,609. The stock has a fifty day simple moving average of $28.42 and a 200 day simple moving average of $30.51. The company has a current ratio of 2.03, a quick ratio of 1.15 and a debt-to-equity ratio of 19.36. The stock has a market cap of $2.13 billion, a P/E ratio of 22.96 and a beta of 1.04. Energizer has a 1 year low of $26.92 and a 1 year high of $37.32.

Energizer (NYSE:ENR) last announced its earnings results on Tuesday, May 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. Energizer had a return on equity of 123.29% and a net margin of 3.21%. The company had revenue of $663.30 million for the quarter, compared to the consensus estimate of $664.10 million. During the same period last year, the business posted $0.64 EPS. The company’s revenue was down 3.0% on a year-over-year basis. On average, research analysts forecast that Energizer will post 3.21 earnings per share for the current fiscal year.

Energizer Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.04%. Energizer’s dividend payout ratio is presently 93.02%.

Institutional Trading of Energizer

Several large investors have recently bought and sold shares of ENR. Vanguard Group Inc. boosted its position in shares of Energizer by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 9,378,622 shares of the company’s stock worth $297,115,000 after buying an additional 79,940 shares in the last quarter. FMR LLC grew its position in shares of Energizer by 28.2% in the third quarter. FMR LLC now owns 6,860,185 shares of the company’s stock valued at $219,800,000 after purchasing an additional 1,508,081 shares during the last quarter. LSV Asset Management increased its stake in shares of Energizer by 1.4% during the 3rd quarter. LSV Asset Management now owns 1,750,934 shares of the company’s stock worth $56,100,000 after purchasing an additional 23,844 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Energizer by 0.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,270,495 shares of the company’s stock worth $40,707,000 after purchasing an additional 6,823 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Energizer by 12.5% during the 3rd quarter. Principal Financial Group Inc. now owns 895,249 shares of the company’s stock valued at $28,683,000 after buying an additional 99,353 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.