Canaccord Genuity Group Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target lowered by investment analysts at Canaccord Genuity Group from $53.00 to $40.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 42.19% from the stock’s current price.

EPC has been the subject of a number of other reports. UBS Group cut their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday. Truist Financial dropped their price target 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. Barclays reduced their price target on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Morgan Stanley dropped their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday. One equities 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.57.

Edgewell Personal Care Stock Down 1.6 %

Shares of NYSE:EPC traded down $0.47 during trading on Tuesday, hitting $28.13. 107,690 shares of the company were exchanged, compared to its average volume of 512,431. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 14.36 and a beta of 0.88. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a fifty-two week low of $26.65 and a fifty-two week high of $41.50. The firm has a fifty day moving average price of $33.79 and a two-hundred day moving average price of $35.72.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share (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%. As a group, research analysts anticipate that Edgewell Personal Care will post 3.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Edgewell Personal Care

A number of institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Edgewell Personal Care in the fourth quarter valued at about $36,000. Wolverine Asset Management LLC increased its stake in shares of Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after buying an additional 800 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care during the third quarter worth about $48,000. KBC Group NV boosted its stake in shares of Edgewell Personal Care by 56.5% in the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock valued at $77,000 after purchasing an additional 823 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Edgewell Personal Care by 33.1% during the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock worth $101,000 after buying an additional 693 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

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.