Canaccord Genuity Group Cuts Edgewell Personal Care (NYSE:EPC) Price Target to $32.00

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 target price decreased by Canaccord Genuity Group from $35.00 to $32.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 46.69% from the company's current price.

Several other equities analysts also recently weighed in on the company. UBS Group lowered their target price on Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday. Barclays lowered their price objective on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Royal Bank Of Canada lowered their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care currently has an average rating of "Moderate Buy" and an average target price of $29.29.

Edgewell Personal Care Stock Up 7.5%

Shares of Edgewell Personal Care stock traded up $1.52 on Wednesday, reaching $21.81. The company's stock had a trading volume of 1,886,579 shares, compared to its average volume of 654,617. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 12.75 and a beta of 0.81. The firm's fifty day simple moving average is $25.25 and its two-hundred day simple moving average is $28.56. Edgewell Personal Care has a 52 week low of $19.13 and a 52 week high of $40.71. The company has a quick ratio of 0.93, a current ratio of 1.89 and a debt-to-equity ratio of 0.95.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The business had revenue of $627.20 million during the quarter, compared to the consensus estimate of $658.51 million. Edgewell Personal Care had a return on equity of 9.20% and a net margin of 3.81%. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.22 EPS. Equities analysts anticipate that Edgewell Personal Care will post 3.16 earnings per share for the current year.

Institutional Trading of Edgewell Personal Care

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in Edgewell Personal Care by 71.3% during the 4th quarter. LPL Financial LLC now owns 12,057 shares of the company's stock worth $405,000 after purchasing an additional 5,019 shares during the period. Norges Bank acquired a new stake in Edgewell Personal Care during the 4th quarter worth about $4,684,000. Wells Fargo & Company MN grew its position in Edgewell Personal Care by 14.9% during the 4th quarter. Wells Fargo & Company MN now owns 52,057 shares of the company's stock worth $1,749,000 after purchasing an additional 6,768 shares during the period. Quadrant Capital Group LLC grew its position in Edgewell Personal Care by 85.9% during the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock worth $25,000 after purchasing an additional 347 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in Edgewell Personal Care during the 4th quarter worth about $1,669,000. Hedge funds and other institutional investors 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.

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