Barclays Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $22.00

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 target price decreased by Barclays from $26.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential downside of 0.07% from the company's previous close.

Several other research firms also recently weighed in on EPC. Morgan Stanley upgraded Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $26.00 to $23.00 in a research note 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. Canaccord Genuity Group lowered their target price on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. UBS Group increased their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company decreased their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care currently has an average rating of "Moderate Buy" and a consensus price target of $29.29.

Edgewell Personal Care Stock 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. The company's 50 day moving average price is $24.91 and its 200-day moving average price is $28.28. The firm has a market cap of $1.02 billion, a PE ratio of 8.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. Edgewell Personal Care has a 52 week low of $19.13 and a 52 week high of $40.71.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted 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). Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%. The business had revenue of $627.20 million during the quarter, compared to the consensus estimate of $658.51 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Edgewell Personal Care will post 3.16 EPS for the current fiscal year.

Institutional Trading of Edgewell Personal Care

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Edgewell Personal Care by 4.6% in the first quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company's stock worth $189,335,000 after purchasing an additional 266,611 shares during the period. American Century Companies Inc. grew its position in shares of Edgewell Personal Care by 3.3% during the 1st quarter. American Century Companies Inc. now owns 3,329,440 shares of the company's stock worth $103,912,000 after buying an additional 106,701 shares in the last quarter. LSV Asset Management grew its position in shares of Edgewell Personal Care by 14.6% during the 1st quarter. LSV Asset Management now owns 1,335,884 shares of the company's stock worth $41,693,000 after buying an additional 169,732 shares in the last quarter. Millennium Management LLC grew its position in shares of Edgewell Personal Care by 106.4% during the 1st quarter. Millennium Management LLC now owns 915,281 shares of the company's stock worth $28,566,000 after buying an additional 471,774 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Edgewell Personal Care by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 881,101 shares of the company's stock worth $27,499,000 after buying an additional 64,059 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company's stock.

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.