Energizer Holdings Inc (NYSE:ENR) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $51.43.
A number of equities research analysts have issued reports on ENR shares. KeyCorp set a $55.00 target price on shares of Energizer and gave the company a “buy” rating in a report on Monday, October 16th. Deutsche Bank raised shares of Energizer from a “hold” rating to a “buy” rating and decreased their price target for the stock from $50.00 to $49.00 in a report on Thursday. Citigroup decreased their price target on shares of Energizer from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, November 10th. Morgan Stanley decreased their price target on shares of Energizer from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Energizer from a “buy” rating to a “hold” rating in a report on Monday, November 13th.
Shares of Energizer (NYSE ENR) traded up $2.65 during mid-day trading on Monday, reaching $51.05. 1,900,200 shares of the company’s stock were exchanged, compared to its average volume of 1,172,800. The company has a debt-to-equity ratio of 11.50, a current ratio of 1.75 and a quick ratio of 1.21. Energizer has a 1-year low of $40.64 and a 1-year high of $60.07. The company has a market cap of $3,070.00 and a PE ratio of 15.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a $0.29 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.16 annualized dividend and a dividend yield of 2.27%. This is a boost from Energizer’s previous quarterly dividend of $0.28. Energizer’s dividend payout ratio is presently 36.14%.
Institutional investors have recently added to or reduced their stakes in the company. Dean Investment Associates LLC increased its stake in Energizer by 15.3% in the third quarter. Dean Investment Associates LLC now owns 69,630 shares of the company’s stock valued at $3,206,000 after acquiring an additional 9,260 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Energizer by 11.3% in the third quarter. Neuberger Berman Group LLC now owns 2,993,563 shares of the company’s stock valued at $137,854,000 after acquiring an additional 304,730 shares during the last quarter. California Public Employees Retirement System increased its stake in Energizer by 1.5% in the third quarter. California Public Employees Retirement System now owns 118,000 shares of the company’s stock valued at $5,434,000 after acquiring an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Energizer by 47.5% in the third quarter. Janney Montgomery Scott LLC now owns 7,397 shares of the company’s stock valued at $341,000 after acquiring an additional 2,382 shares during the last quarter. Finally, Affinity Wealth Management bought a new position in Energizer in the third quarter valued at $295,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
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Energizer Holdings, Inc is a manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products. The Company is a designer and marketer of automotive fragrance and appearance products. It operates through four geographic segments: North America, which consists of the United States and Canada; Latin America, which includes its markets in Mexico, the Caribbean, Central America and South America; Europe, the Middle East and Africa (EMEA), and Asia Pacific, which consists of its markets in Asia, Australia and New Zealand.
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