Edgewell Personal Care (NYSE:EPC) Given New $32.00 Price Target at Morgan Stanley

Edgewell Personal Care (NYSE:EPC) had its target price decreased by analysts at Morgan Stanley from $35.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 11.83% from the company’s current price.

A number of other equities analysts also recently commented on EPC. Barclays reduced their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. UBS Group decreased their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial lowered their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.17.

Edgewell Personal Care Trading Down 9.4 %

Shares of NYSE:EPC opened at $28.62 on Tuesday. Edgewell Personal Care has a 52-week low of $26.65 and a 52-week high of $41.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The company has a market cap of $1.39 billion, a P/E ratio of 14.60 and a beta of 0.88. The stock’s 50-day moving average is $33.79 and its 200-day moving average is $35.72.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. Equities research analysts predict that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Several large investors have recently modified their holdings of EPC. Brandes Investment Partners LP grew its position in shares of Edgewell Personal Care by 21.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock valued at $68,600,000 after purchasing an additional 355,224 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Edgewell Personal Care by 63.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after buying an additional 259,200 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Edgewell Personal Care by 40.5% in the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after buying an additional 253,014 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Edgewell Personal Care during the fourth quarter worth $7,473,000. Finally, Empowered Funds LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth $6,128,000. 91.91% of the stock is currently owned by institutional investors.

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.