Edgewell Personal Care (NYSE:EPC) Given New $40.00 Price Target at Canaccord Genuity Group

Edgewell Personal Care (NYSE:EPC) had its price target dropped by analysts at Canaccord Genuity Group from $53.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 42.19% from the stock’s previous close.

Several other analysts also recently issued reports on EPC. Royal Bank of Canada reduced their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays reduced their price objective on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group lowered their target price on shares of 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 cut their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Morgan Stanley decreased their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Stock Down 1.6 %

Shares of EPC stock traded down $0.47 on Tuesday, reaching $28.13. 107,690 shares of the company were exchanged, compared to its average volume of 512,431. 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 has a 50-day moving average of $33.79 and a 200-day moving average of $35.72. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 14.36 and a beta of 0.88. Edgewell Personal Care has a one year low of $26.65 and a one year high of $41.50.

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 return on equity of 9.78% and a net margin of 4.38%. Analysts anticipate that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Institutional Trading of Edgewell Personal Care

A number of hedge funds have recently bought and sold shares of EPC. Teacher Retirement System of Texas grew its stake in Edgewell Personal Care by 121.6% in the 4th quarter. Teacher Retirement System of Texas now owns 69,883 shares of the company’s stock valued at $2,348,000 after purchasing an additional 38,346 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Edgewell Personal Care by 14.7% in the 4th quarter. Intech Investment Management LLC now owns 20,170 shares of the company’s stock worth $678,000 after buying an additional 2,587 shares during the last quarter. William Blair Investment Management LLC grew 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 buying an additional 253,014 shares during the period. Brandes Investment Partners LP increased its holdings 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 worth $68,600,000 after buying an additional 355,224 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new stake in Edgewell Personal Care in the fourth quarter worth about $3,866,000. 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.