Wells Fargo & Company Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target cut by investment analysts at Wells Fargo & Company from $35.00 to $32.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 17.52% from the company’s current price.

Several other equities research analysts have also commented on EPC. Royal Bank of Canada decreased their price objective on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. UBS Group increased their price target on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Morgan Stanley cut their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group dropped their price target on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Barclays reduced their price objective on Edgewell Personal Care from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.00.

Edgewell Personal Care Stock Up 0.1 %

EPC stock opened at $27.23 on Thursday. Edgewell Personal Care has a 52 week low of $24.35 and a 52 week high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The company has a market cap of $1.31 billion, a P/E ratio of 14.88 and a beta of 0.91. The company’s 50-day moving average price is $30.03 and its 200 day moving average price is $32.49.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. On average, research analysts expect that Edgewell Personal Care will post 3.16 earnings per share for the current fiscal year.

Institutional Trading of Edgewell Personal Care

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its position in shares of Edgewell Personal Care by 85.9% in the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company’s stock worth $25,000 after acquiring an additional 347 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Edgewell Personal Care by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock valued at $660,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Edgewell Personal Care by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,200 shares of the company’s stock valued at $116,000 after buying an additional 503 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Edgewell Personal Care by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company’s stock worth $561,000 after buying an additional 517 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Edgewell Personal Care by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock worth $695,000 after buying an additional 529 shares during the period. 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.