Edgewell Personal Care (NYSE:EPC) Price Target Cut to $32.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has lowered its price target for Edgewell Personal Care from $35.00 to $32.00, while maintaining a "buy" rating, indicating a potential upside of 46.69% from the current price.
• Other analysts have also reduced their price targets, with UBS Group setting it at $21.00 and Barclays at $22.00, reflecting a cautious outlook on the stock.
• Despite recent earnings results that missed expectations, Edgewell Personal Care shares rose 7.5% on Wednesday, trading at $21.81.

Edgewell Personal Care (NYSE:EPC - Get Free Report) had its price objective lowered by stock analysts at Canaccord Genuity Group from $35.00 to $32.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 45.35% from the company's previous close.

Several other research analysts have also issued reports on the stock. Morgan Stanley upgraded shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $26.00 to $23.00 in a research report on Wednesday. UBS Group decreased their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Barclays decreased their price objective on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.29.

Edgewell Personal Care Price Performance

Shares of NYSE EPC traded down $0.09 during mid-day trading on Wednesday, reaching $22.02. 740,884 shares of the company traded hands, compared to its average volume of 984,240. Edgewell Personal Care has a fifty-two week low of $19.13 and a fifty-two week high of $40.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The firm has a market cap of $1.02 billion, a PE ratio of 16.31 and a beta of 0.81. The stock has a fifty day simple moving average of $24.91 and a 200-day simple moving average of $28.28.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The company had revenue of $627.20 million for the quarter, compared to analyst estimates of $658.51 million. During the same quarter in the prior year, the business earned $1.22 EPS. Edgewell Personal Care's revenue was down 3.2% compared to the same quarter last year. Equities research analysts anticipate that Edgewell Personal Care will post 3.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Edgewell Personal Care

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake in shares of Edgewell Personal Care by 85.9% in the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after purchasing an additional 347 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Edgewell Personal Care by 238.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock valued at $30,000 after purchasing an additional 687 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Edgewell Personal Care by 195.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company's stock valued at $43,000 after purchasing an additional 1,215 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Edgewell Personal Care by 167.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock valued at $46,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Edgewell Personal Care by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock valued at $51,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company's stock.

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.