Barclays Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Key Points

• Barclays has lowered its price target for Edgewell Personal Care from $26.00 to $22.00, maintaining an "equal weight" rating on the stock, indicating a potential upside of only 1.89% from the last close.
• Despite mixed ratings from analysts, the average consensus remains a "Moderate Buy" with an average price target of $31.29, contrasting with some lower target adjustments made by other firms.
• Edgewell's recent quarterly earnings revealed a miss on EPS forecasts at $0.92, along with a decrease in revenue compared to the previous year, indicating challenges in this financial period.

Edgewell Personal Care (NYSE:EPC - Get Free Report) had its price target dropped by investment analysts at Barclays from $26.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential downside of 0.07% from the company's previous close.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company dropped their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group dropped their target price on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group lifted their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Royal Bank Of Canada dropped their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $29.29.

Edgewell Personal Care Price Performance

NYSE EPC traded down $0.09 during trading on Wednesday, hitting $22.02. 740,884 shares of the stock traded hands, compared to its average volume of 993,899. The company has a market capitalization of $1.02 billion, a P/E ratio of 16.31 and a beta of 0.81. The firm has a 50-day simple moving average of $24.91 and a 200-day simple moving average of $28.32. The company has a quick ratio of 0.93, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. Edgewell Personal Care has a 12-month low of $19.13 and a 12-month high of $40.71.

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

Institutional Investors Weigh In On Edgewell Personal Care

A number of institutional investors and hedge funds have recently bought and sold shares of EPC. Quadrant Capital Group LLC raised 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 valued at $25,000 after purchasing an additional 347 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Edgewell Personal Care by 238.5% during 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 in the last quarter. First Horizon Advisors Inc. raised its position in Edgewell Personal Care by 195.3% during 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 in the last quarter. GAMMA Investing LLC raised its position 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 worth $46,000 after acquiring an additional 1,231 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position 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 worth $51,000 after acquiring an additional 1,362 shares in the last quarter. 91.91% of the stock is 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.