UBS Group Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $36.00

Edgewell Personal Care (NYSE:EPC) had its price objective cut by equities researchers at UBS Group from $40.00 to $36.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 8.76% from the stock’s previous close.

Several other research firms have also recently weighed in on EPC. Truist Financial lowered their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Barclays reduced their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Wells Fargo & Company lowered their price objective on Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

Edgewell Personal Care Price Performance

Shares of NYSE EPC traded up $0.59 during mid-day trading on Thursday, hitting $33.10. 285,147 shares of the stock were exchanged, compared to its average volume of 443,105. Edgewell Personal Care has a twelve month low of $31.20 and a twelve month high of $41.50. The stock’s fifty day simple moving average is $34.84 and its two-hundred day simple moving average is $36.63. 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 $1.61 billion, a P/E ratio of 16.87 and a beta of 0.89.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, analysts forecast that Edgewell Personal Care will post 3.21 EPS for the current fiscal year.

Institutional Trading of Edgewell Personal Care

A number of hedge funds have recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in Edgewell Personal Care during the third quarter valued at approximately $48,000. Acadian Asset Management LLC acquired a new position in shares of Edgewell Personal Care in the 2nd quarter valued at $53,000. Canada Pension Plan Investment Board acquired a new position in shares of Edgewell Personal Care in the 2nd quarter valued at $84,000. TD Private Client Wealth LLC increased its position in shares of Edgewell Personal Care by 33.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after buying an additional 693 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Edgewell Personal Care by 14.0% during the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after buying an additional 332 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

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.