Wed Sep 25 03:18:55 UTC 2024: ## Energizer Stock Rating Downgraded by StockNews.com
**New York, NY** – Energizer Holdings, Inc. (NYSE: ENR) saw its stock rating downgraded from “buy” to “hold” by research analysts at StockNews.com on Tuesday.
This move comes amidst a mixed bag of ratings from other analysts. While Evercore ISI maintained an “outperform” rating and Royal Bank of Canada stuck to a “sector perform” rating, JPMorgan Chase & Co. downgraded Energizer to “underweight” and Barclays gave it an “overweight” rating. Truist Financial also upgraded the stock to “buy” earlier this month.
Despite the diverse opinions, Energizer’s overall consensus rating remains “hold” with a consensus price target of $34.38, according to MarketBeat.com. This reflects the uncertainty surrounding the company’s future performance.
Energizer recently reported strong Q2 earnings, exceeding analysts’ expectations with $0.79 EPS, compared to the consensus estimate of $0.67. The company also saw revenue growth of 0.3% year-over-year. However, the recent downgrade from StockNews.com suggests that analysts are not entirely convinced by the company’s positive performance.
Institutional investors and hedge funds continue to show strong interest in Energizer, with a collective ownership of 93.74% of the company’s stock. Several funds have recently modified their holdings, with notable increases from Clearstead Trust LLC, Central Pacific Bank Trust Division, Canada Pension Plan Investment Board, SG Americas Securities LLC, and Cullen Frost Bankers Inc.
As a leading manufacturer of batteries and lighting products, Energizer’s future performance will depend on its ability to navigate a competitive market, manage costs, and innovate within its product portfolio.
First Piper 