Canaccord Genuity Group Cuts Energizer (NYSE:ENR) Price Target to $19.00

Energizer (NYSE:ENR) had its price target trimmed by Canaccord Genuity Group from $20.00 to $19.00 in a report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their price objective on Energizer from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Evercore set a $28.00 target price on shares of Energizer in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Energizer in a research report on Friday, March 27th. Zacks Research upgraded shares of Energizer from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Morgan Stanley set a $24.00 price objective on shares of Energizer in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Energizer presently has an average rating of “Hold” and an average target price of $23.14.

Energizer Stock Performance

Shares of ENR stock opened at $18.86 on Wednesday. The stock’s 50-day moving average is $18.42 and its two-hundred day moving average is $20.29. The company has a debt-to-equity ratio of 19.08, a quick ratio of 1.07 and a current ratio of 2.05. Energizer has a 1 year low of $16.00 and a 1 year high of $30.29. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 6.91 and a beta of 0.81.

Energizer (NYSE:ENR) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.47. The business had revenue of $643.30 million during the quarter, compared to the consensus estimate of $661.92 million. Energizer had a return on equity of 144.22% and a net margin of 6.55%.The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. Energizer has set its Q3 2026 guidance at 0.750-0.850 EPS and its FY 2026 guidance at 3.300-3.600 EPS. Analysts predict that Energizer will post 3.58 earnings per share for the current year.

Energizer Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, May 20th. Energizer’s dividend payout ratio is presently 43.96%.

Insider Buying and Selling at Energizer

In other news, major shareholder Aqua Capital, Ltd. acquired 4,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was purchased at an average cost of $18.85 per share, with a total value of $79,170.00. Following the purchase, the insider directly owned 7,025,215 shares of the company’s stock, valued at approximately $132,425,302.75. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 20,215 shares of company stock valued at $361,302. Corporate insiders own 1.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ENR. Huntington National Bank raised its stake in shares of Energizer by 1,836.1% during the 3rd quarter. Huntington National Bank now owns 1,181 shares of the company’s stock worth $29,000 after buying an additional 1,120 shares during the last quarter. Versant Capital Management Inc grew its stake in Energizer by 92.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,233 shares of the company’s stock valued at $31,000 after acquiring an additional 592 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Energizer by 51.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,891 shares of the company’s stock valued at $31,000 after acquiring an additional 644 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Energizer by 148.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,077 shares of the company’s stock valued at $41,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Energizer during the third quarter worth about $47,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Energizer Company Profile

Energizer Holdings, Inc is a global consumer products company best known for its portfolio of portable power and lighting solutions. The company’s primary business activities include the design, manufacture and marketing of batteries under the Energizer and Rayovac brands, as well as portable lighting products such as flashlights, headlamps and lanterns. Energizer also produces a range of automotive appearance and protection products, including tire inflators and repair kits, along with personal care offerings like aerosol insect repellents and sunscreen under licensed brands.

Founded in 2000 through the spin-off of the battery business from Ralston Purina Company, Energizer has grown through both organic development and strategic acquisitions.