Edgewell Personal Care (NYSE:EPC) Rating Increased to Buy at Zacks Investment Research

Edgewell Personal Care (NYSE:EPC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The firm presently has a $39.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.80% from the company’s previous close.

According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “

Other research analysts also recently issued reports about the stock. Royal Bank of Canada boosted their price objective on shares of Edgewell Personal Care from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, August 6th. Citigroup reduced their target price on shares of Edgewell Personal Care from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 28th. Raymond James assumed coverage on shares of Edgewell Personal Care in a research report on Tuesday, July 13th. They issued a “market perform” rating on the stock. Finally, TheStreet raised shares of Edgewell Personal Care from a “c+” rating to a “b-” rating in a research report on Friday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care has an average rating of “Hold” and an average price target of $43.71.

NYSE:EPC opened at $35.20 on Friday. The company has a fifty day moving average of $39.37 and a 200 day moving average of $41.27. Edgewell Personal Care has a 52 week low of $25.50 and a 52 week high of $46.44. The company has a quick ratio of 1.36, a current ratio of 2.01 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.91 billion, a P/E ratio of 20.71 and a beta of 1.00.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.09. The business had revenue of $573.40 million for the quarter, compared to the consensus estimate of $543.56 million. Edgewell Personal Care had a net margin of 4.62% and a return on equity of 9.78%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. As a group, analysts anticipate that Edgewell Personal Care will post 2.86 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of EPC. Eudaimonia Partners LLC bought a new position in shares of Edgewell Personal Care in the 1st quarter worth approximately $40,000. Advisory Services Network LLC bought a new position in shares of Edgewell Personal Care in the 2nd quarter worth approximately $53,000. Dark Forest Capital Management LP bought a new position in shares of Edgewell Personal Care in the 2nd quarter worth approximately $79,000. William Blair Investment Management LLC bought a new position in shares of Edgewell Personal Care in the 2nd quarter worth approximately $92,000. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Edgewell Personal Care by 34.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,338 shares of the company’s stock worth $102,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 95.06% 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.

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Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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