Wells Fargo & Company Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $37.00

Edgewell Personal Care (NYSE:EPC) had its price target decreased by stock analysts at Wells Fargo & Company from $42.00 to $37.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 14.73% from the stock’s previous close.

A number of other brokerages have also weighed in on EPC. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Truist Financial cut their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Barclays lowered their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.20.

Edgewell Personal Care Price Performance

Shares of EPC opened at $32.25 on Tuesday. The firm’s 50 day moving average price is $35.17 and its 200 day moving average price is $36.92. The company has a market cap of $1.57 billion, a P/E ratio of 16.45 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 fifty-two week low of $31.43 and a fifty-two week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $517.60 million during 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 business posted $0.72 earnings per share. On average, research analysts forecast that Edgewell Personal Care will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds have recently modified their holdings of EPC. Clearstead Trust LLC acquired a new stake in Edgewell Personal Care during the 2nd quarter worth $33,000. Prospera Private Wealth LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth about $48,000. Acadian Asset Management LLC purchased a new position in shares of Edgewell Personal Care during the second quarter worth about $53,000. Canada Pension Plan Investment Board acquired a new position in Edgewell Personal Care in the 2nd quarter valued at about $84,000. 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 valued at $108,000 after acquiring an additional 332 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other 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.