Edgewell Personal Care (NYSE:EPC) Lowered to Hold at StockNews.com

Edgewell Personal Care (NYSE:EPC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other brokerages have also commented on EPC. Canaccord Genuity Group lifted their price objective on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Barclays lifted their price target on shares of Edgewell Personal Care from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.25.

Edgewell Personal Care Trading Up 0.6 %

EPC opened at $39.51 on Wednesday. Edgewell Personal Care has a 1-year low of $33.71 and a 1-year high of $43.47. The firm has a 50-day moving average price of $38.25 and a two-hundred day moving average price of $37.63. The stock has a market capitalization of $1.96 billion, a PE ratio of 16.53 and a beta of 0.84. The company has a current ratio of 1.84, a quick ratio of 0.92 and a debt-to-equity ratio of 0.87.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14. The business had revenue of $599.40 million during the quarter, compared to analyst estimates of $606.74 million. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. Edgewell Personal Care’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. As a group, equities analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current fiscal year.

Institutional Trading of Edgewell Personal Care

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Edgewell Personal Care in the fourth quarter worth $11,647,000. American Century Companies Inc. increased its holdings in shares of Edgewell Personal Care by 9.7% in the third quarter. American Century Companies Inc. now owns 2,960,134 shares of the company’s stock worth $109,407,000 after acquiring an additional 262,499 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Edgewell Personal Care by 483.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 292,395 shares of the company’s stock worth $11,298,000 after acquiring an additional 242,310 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Edgewell Personal Care by 11.2% during the fourth quarter. Brandes Investment Partners LP now owns 1,195,041 shares of the company’s stock worth $43,774,000 after purchasing an additional 120,772 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Edgewell Personal Care by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,575,663 shares of the company’s stock valued at $130,976,000 after purchasing an additional 103,751 shares in the last quarter. 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.