Edgewell Personal Care (NYSE:EPC) Price Target Cut to $33.00 by Analysts at Barclays

Edgewell Personal Care (NYSE:EPC) had its price target reduced by Barclays from $36.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 2.25% from the company’s previous close.

Several other equities analysts also recently commented on EPC. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company dropped their target price 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. Truist Financial dropped their target price on 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. Finally, UBS Group dropped their target price on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Edgewell Personal Care Stock Performance

NYSE:EPC opened at $33.76 on Friday. The stock’s 50-day simple moving average is $34.73 and its 200 day simple moving average is $36.54. The firm has a market capitalization of $1.64 billion, a PE ratio of 17.22 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a twelve month low of $31.20 and a twelve month high of $41.50.

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

Hedge Funds Weigh In On Edgewell Personal Care

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of Edgewell Personal Care during the third quarter worth about $6,128,000. Dimensional Fund Advisors LP raised its position in shares of Edgewell Personal Care by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock worth $145,524,000 after acquiring an additional 24,513 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in Edgewell Personal Care by 54.3% in the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock worth $7,670,000 after purchasing an additional 74,315 shares in the last quarter. Sei Investments Co. increased its holdings in Edgewell Personal Care by 6.8% in the second quarter. Sei Investments Co. now owns 424,159 shares of the company’s stock worth $17,045,000 after purchasing an additional 27,119 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Edgewell Personal Care in the second quarter worth approximately $569,000. 91.91% of the stock is currently owned by institutional investors.

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.