Wells Fargo & Company Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $25.00

Key Points

• Wells Fargo & Company has lowered the price target for Edgewell Personal Care from $28.00 to $25.00, while maintaining an "overweight" rating.
• Other analysts have also cut their price targets for Edgewell, with a consensus rating of "Hold" and an average target price of $28.29.
• Edgewell Personal Care reported a missed EPS estimate of $0.92 for the last quarter and projected earnings of $2.650 for FY 2025.

Edgewell Personal Care (NYSE:EPC - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $28.00 to $25.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 25.74% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley raised shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $26.00 to $23.00 in a research note on Wednesday, August 6th. UBS Group cut their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Zacks Research lowered shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Barclays dropped their target price on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group reduced their price target on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Edgewell Personal Care currently has a consensus rating of "Hold" and an average target price of $28.29.

Edgewell Personal Care Stock Up 1.9%

Shares of EPC stock opened at $19.88 on Thursday. The firm's fifty day moving average price is $23.32 and its two-hundred day moving average price is $26.31. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. Edgewell Personal Care has a 1 year low of $19.13 and a 1 year high of $38.44. The firm has a market capitalization of $923.72 million, a P/E ratio of 14.66 and a beta of 0.85.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.09). The company had revenue of $627.20 million for the quarter, compared to the consensus estimate of $658.51 million. Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The business's revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. On average, equities analysts predict 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 hedge funds have recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its position in Edgewell Personal Care by 40.0% during the second quarter. Brandes Investment Partners LP now owns 4,597,685 shares of the company's stock valued at $107,632,000 after buying an additional 1,313,248 shares during the period. Millennium Management LLC boosted its holdings in Edgewell Personal Care by 106.4% during the 1st quarter. Millennium Management LLC now owns 915,281 shares of the company's stock valued at $28,566,000 after acquiring an additional 471,774 shares during the period. American Century Companies Inc. grew its position in Edgewell Personal Care by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 3,671,271 shares of the company's stock worth $85,944,000 after acquiring an additional 341,831 shares during the last quarter. Vanguard Group Inc. increased its stake in Edgewell Personal Care by 4.6% in the 1st 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. Finally, LSV Asset Management lifted its position in Edgewell Personal Care by 14.6% in the first quarter. LSV Asset Management now owns 1,335,884 shares of the company's stock valued at $41,693,000 after purchasing an additional 169,732 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.