Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $40.00 at Truist Financial

Edgewell Personal Care (NYSE:EPC) had its price objective decreased by Truist Financial from $50.00 to $40.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 11.92% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on EPC. Barclays reduced their price target on Edgewell Personal Care from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. UBS Group reduced their target price on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.00.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC traded up $0.26 during midday trading on Wednesday, reaching $35.74. 31,635 shares of the stock were exchanged, compared to its average volume of 396,207. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 14.90 and a beta of 0.86. The firm has a 50-day simple moving average of $37.23 and a two-hundred day simple moving average of $38.21. Edgewell Personal Care has a twelve month low of $33.27 and a twelve month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.01 by $0.21. The company had revenue of $647.80 million for the quarter, compared to analyst estimates of $649.67 million. Edgewell Personal Care had a net margin of 5.26% and a return on equity of 9.92%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. As a group, analysts anticipate that Edgewell Personal Care will post 3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in Edgewell Personal Care by 17.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 35,389 shares of the company’s stock worth $1,286,000 after purchasing an additional 5,289 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Edgewell Personal Care by 9.1% during the third quarter. Exchange Traded Concepts LLC now owns 19,138 shares of the company’s stock worth $695,000 after acquiring an additional 1,591 shares during the last quarter. Inspire Investing LLC boosted its position in Edgewell Personal Care by 28.8% during the third quarter. Inspire Investing LLC now owns 11,308 shares of the company’s stock worth $411,000 after acquiring an additional 2,526 shares during the last quarter. Handelsbanken Fonder AB grew its stake in Edgewell Personal Care by 72.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 16,202 shares of the company’s stock valued at $589,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Edgewell Personal Care in the 2nd quarter valued at about $660,000. 91.91% of the stock is owned by institutional investors and hedge funds.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.