Canaccord Genuity Group Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $40.00

Edgewell Personal Care (NYSE:EPC) had its price objective trimmed by Canaccord Genuity Group from $53.00 to $40.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Truist Financial dropped their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group dropped 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. Barclays dropped their price objective on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada dropped their price objective on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock opened at $29.72 on Tuesday. Edgewell Personal Care has a 12 month low of $26.65 and a 12 month 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 business has a 50 day simple moving average of $33.27 and a 200-day simple moving average of $35.55. The stock has a market capitalization of $1.45 billion, a PE ratio of 15.16 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Monday, February 10th. The company reported $0.07 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%. Equities analysts predict that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, March 5th. Edgewell Personal Care’s dividend payout ratio (DPR) is 30.61%.

Institutional Trading of Edgewell Personal Care

Large investors have recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Edgewell Personal Care in the third quarter valued at $6,128,000. Chartwell Investment Partners LLC boosted its stake in shares of Edgewell Personal Care by 54.3% during the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock valued at $7,670,000 after acquiring an additional 74,315 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter valued at $639,000. Barclays PLC boosted its stake in shares of Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after acquiring an additional 126,168 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Edgewell Personal Care by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after acquiring an additional 39,059 shares during the last quarter. Institutional investors and hedge funds 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.