Edgewell Personal Care (NYSE:EPC) Stock Rating Lowered by StockNews.com

Edgewell Personal Care (NYSE:EPC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their price objective on shares of Edgewell Personal Care from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Thursday. UBS Group boosted their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley cut their price target on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays lowered their price objective on Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.00.

Edgewell Personal Care Stock Performance

NYSE EPC opened at $27.23 on Friday. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.31 billion, a PE ratio of 14.88 and a beta of 0.91. The business’s 50-day moving average price is $30.03 and its 200 day moving average price is $32.47. Edgewell Personal Care has a twelve month low of $24.35 and a twelve month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. Edgewell Personal Care’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, research analysts predict that Edgewell Personal Care will post 3.16 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP grew its position in Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock worth $68,600,000 after purchasing an additional 355,224 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Edgewell Personal Care by 4.6% during the first quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company’s stock valued at $189,335,000 after buying an additional 266,611 shares in the last quarter. William Blair Investment Management LLC raised 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. Millennium Management LLC raised its position in Edgewell Personal Care by 117.3% during the fourth quarter. Millennium Management LLC now owns 443,507 shares of the company’s stock valued at $14,902,000 after buying an additional 239,404 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Edgewell Personal Care in the 4th quarter worth about $7,473,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

About Edgewell Personal Care

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.