Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $32.00 at Morgan Stanley

Edgewell Personal Care (NYSE:EPC) had its price objective reduced by Morgan Stanley from $35.00 to $32.00 in a report released on Tuesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued research reports about the company. Barclays cut their price objective on Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group reduced their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Truist Financial reduced their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.57.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $28.57 on Tuesday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.58 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The business has a 50-day moving average of $33.60 and a 200 day moving average of $35.63. Edgewell Personal Care has a 12 month low of $26.65 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. As a group, sell-side analysts forecast that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.60 annualized dividend and a yield of 2.10%. Edgewell Personal Care’s dividend payout ratio is currently 30.61%.

Institutional Trading of Edgewell Personal Care

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Edgewell Personal Care by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 5,799,860 shares of the company’s stock worth $194,875,000 after acquiring an additional 24,850 shares in the last quarter. American Century Companies Inc. boosted its stake in Edgewell Personal Care by 2.0% in the fourth quarter. American Century Companies Inc. now owns 3,222,739 shares of the company’s stock valued at $108,284,000 after acquiring an additional 64,257 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of Edgewell Personal Care by 21.1% during the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock worth $68,600,000 after purchasing an additional 355,224 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Edgewell Personal Care by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock valued at $41,078,000 after purchasing an additional 6,964 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Edgewell Personal Care by 40.5% in the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after purchasing an additional 253,014 shares during the period. 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.