Canaccord Genuity Group Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its target price cut by Canaccord Genuity Group from $53.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 37.98% from the company’s current price.

A number of other research analysts also recently commented on EPC. Wells Fargo & Company lowered their price objective on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Morgan Stanley lowered their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday. Barclays cut their price objective on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group decreased their target price on shares of 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. Finally, Royal Bank of Canada dropped their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.57.

Edgewell Personal Care Price Performance

Shares of EPC opened at $28.99 on Tuesday. Edgewell Personal Care has a 52 week low of $26.65 and a 52 week high of $41.50. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 14.79 and a beta of 0.88. The stock has a 50 day moving average of $33.42 and a 200-day moving average of $35.59.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. As a group, analysts forecast that Edgewell Personal Care will post 3.19 EPS for the current year.

Hedge Funds Weigh In On Edgewell Personal Care

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after purchasing an additional 332 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Edgewell Personal Care by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock worth $660,000 after buying an additional 495 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Edgewell Personal Care by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock valued at $695,000 after buying an additional 529 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Edgewell Personal Care by 33.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after acquiring an additional 693 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of Edgewell Personal Care by 217.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after acquiring an additional 800 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

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.