Does Energizer Holdings Inc. (NYSE:ENR) have deteriorating prospects?

Energizer Holdings Inc. (NYSE:ENR) shares traded -1.79% lower at $32.93 on Wall Street last session.

As we calculate the median target price by taking the range between a high of $43.00 and a low of $33.00, we find $36.00. Given the previous closing price of $33.53, this indicates a potential upside of 7.37 percent. ENR stock price is now -8.40% away from the 50-day moving average and 5.51% away from the 200-day moving average. The market capitalization of the company currently stands at $2.41B.

Brokers who have rated the stock have averaged $37.82 as their price target over the next twelve months.

With the price target of $34, Canaccord Genuity recently initiated with Hold rating for Energizer Holdings Inc. (NYSE: ENR). On August 10, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock keeping its target price maintained at $35, while ‘JP Morgan’ rates the stock as ‘Neutral’.

In other news, Vauth Robin, EVP, International sold 860 shares of the company’s stock on Nov 28. The stock was sold for $28,045 at an average price of $32.61. Upon completion of the transaction, the EVP, International now directly owns 863 shares in the company, valued at $28418.59. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Chief Executive Officer LaVigne Mark Stephen bought 3,000 shares of the business’s stock. A total of $91,468 was incurred on buying the stock at an average price of $30.49. This leaves the insider owning 150,323 shares of the company worth $4.95 million. Insiders disposed of 13,872 shares of company stock worth roughly $0.46 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in ENR stock. A new stake in Energizer Holdings Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $22,479,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. invested $4,967,000 in shares of ENR during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Energizer Holdings Inc. valued at approximately $2,358,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in ENR for approximately $2,322,000. HUSSMAN STRATEGIC ADVISORS, INC. purchased a new stake in ENR valued at around $2,058,000 in the second quarter. In total, there are 356 active investors with 90.20% ownership of the company’s stock.

Energizer Holdings Inc. (NYSE: ENR) opened at $32.99 on Monday. During the past 12 months, Energizer Holdings Inc. has had a low of $24.81 and a high of $37.89. As of last week, the company has a debt-to-equity ratio of 26.90, a current ratio of 2.30, and a quick ratio of 1.20. The fifty day moving average price for ENR is $35.95 and a two-hundred day moving average price translates $31.21 for the stock.

The latest earnings results from Energizer Holdings Inc. (NYSE: ENR) was released for Dec, 2022. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.72, missing analysts’ expectations of $0.76 by -0.04. This compares to $0.89 EPS in the same period last year. The net profit margin was -8.20% and return on equity was -79.40% for ENR. The company reported revenue of $765.1 million for the quarter, compared to $846.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.59 percent. For the current quarter, analysts expect ENR to generate $685.32M in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/16/2023. Investors who held shares on 02/21/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 3.64% percent yield. There was an ex-dividend date of 02/17/2023 for this dividend.

Energizer Holdings Inc.(ENR) Company Profile

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. The company also licenses the Energizer and Eveready brands to companies developing consumer solutions in solar, automotive batteries, portable power for critical devices, generators, power tools, household light bulbs, and other lighting products. In addition, it designs and markets automotive fragrance and appearance products, including protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes to clean, shine, refresh, and protect interior and exterior automobile surfaces under the brand names of Armor All, Nu Finish, Refresh Your Car!, LEXOL, Eagle One, California Scents, Driven, Bahama & Co, Carnu, Grand Prix, Kit, and Tempo; STP branded fuel and oil additives, functional fluids, and other performance chemical products; and do-it-yourself automotive air conditioning recharge products under the A/C PRO brand name, as well as other refrigerant and recharge kits, sealants, and accessories. The company sells its products through direct sales force, distributors, and wholesalers; and various retail and business-to-business channels, including mass merchandisers, club, electronics, food, home improvement, dollar store, auto, drug, hardware, e-commerce, convenience, sporting goods, hobby/craft, office, industrial, medical, and catalog. Energizer Holdings, Inc. was incorporated in 2015 and is headquartered in Saint Louis, Missouri.