Analysts Set $31 Target Price for Energizer Holdings Shares

Shares of Energizer Holdings, Inc. (NYSE:ENR) have received a consensus recommendation of “Hold” from nine brokerages currently monitoring the company, according to MarketBeat. Among these analysts, seven have issued a hold rating, one has given a buy recommendation, and another has assigned a strong buy rating. The average target price set by analysts for the next twelve months stands at $31.00.

Recent evaluations from several research firms have highlighted varying perspectives on Energizer’s stock. On August 6, 2023, Truist Financial raised its price target from $30.00 to $35.00 while maintaining a buy rating. Conversely, Weiss Ratings reaffirmed a hold rating on October 14, 2023, emphasizing a cautious approach.

On September 13, 2023, Wall Street Zen downgraded Energizer from a strong buy to a buy rating, reflecting a shift in sentiment. In a conflicting move, UBS Group reduced its price target from $29.00 to $26.00 and designated the stock as neutral on October 8, 2023. Zacks Research, however, upgraded Energizer from a hold to a strong buy rating on the same day as Weiss Ratings reaffirmed its stance.

As of the market opening on Tuesday, shares of Energizer were down by 1.5%, trading at around $24.54. The stock has experienced fluctuations over the past year, with a fifty-two week low of $19.70 and a high of $39.51. The company currently holds a market capitalization of $1.68 billion and has a price-to-earnings (P/E) ratio of 7.07.

Energizer’s financial metrics reveal a debt-to-equity ratio of 17.57, a quick ratio of 0.84, and a current ratio of 1.78. The stock is showing a fifty-day moving average of $26.77 and a 200-day moving average of $24.86.

In its most recent earnings report, which was released on December 4, 2023, Energizer reported earnings per share of $0.64 for the quarter, achieving a return on equity of 181.90% and a net margin of 8.60%. The company generated revenue of $684.10 million during this period. Analysts project that Energizer will post an earnings per share (EPS) of 3.58 for the current fiscal year.

Energizer also recently announced a quarterly dividend of $0.30, which was paid on September 10, 2023. This dividend yields an annualized rate of $1.20, translating to a yield of 4.9%. The ex-dividend date was August 21, 2023, and the company’s payout ratio stands at 34.58%.

Founded in 1896, Energizer Holdings, Inc. manufactures and markets a range of battery products and lighting solutions globally. Its product lines include lithium, alkaline, and specialty batteries under well-known brands such as Energizer, Eveready, and Rayovac. The company also offers various lighting products, including handheld and area lights.

As Energizer navigates a competitive market, analysts continue to monitor its performance closely, reflecting a mix of cautious optimism and strategic recommendations.