Wells Fargo & Company Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price objective dropped by equities researchers at Wells Fargo & Company from $37.00 to $35.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 20.73% from the stock’s previous close.

EPC has been the topic of several other research reports. Truist Financial dropped their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Barclays dropped their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, UBS Group dropped their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $28.99 on Tuesday. Edgewell Personal Care has a 1 year low of $26.65 and a 1 year high of $41.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The company’s 50-day moving average is $33.42 and its 200 day moving average is $35.59. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.79 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. On average, sell-side analysts expect that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Edgewell Personal Care by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,799,860 shares of the company’s stock worth $194,875,000 after buying an additional 24,850 shares in the last quarter. American Century Companies Inc. lifted its position in Edgewell Personal Care by 2.0% during the fourth quarter. American Century Companies Inc. now owns 3,222,739 shares of the company’s stock valued at $108,284,000 after purchasing an additional 64,257 shares during the period. Brandes Investment Partners LP lifted its position in Edgewell Personal Care by 21.1% during the fourth 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. Geode Capital Management LLC lifted its position in Edgewell Personal Care by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock valued at $41,078,000 after purchasing an additional 6,964 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Edgewell Personal Care by 40.5% during the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after purchasing an additional 253,014 shares during the period. Institutional investors own 91.91% of the company’s stock.

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.