Canaccord Genuity Group Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its target price decreased by research analysts at Canaccord Genuity Group from $53.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 37.98% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. UBS Group cut their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company reduced their target price on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays decreased their target price on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday. Royal Bank of Canada cut their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Truist Financial decreased their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $28.99 on Tuesday. The company has a market capitalization of $1.41 billion, a PE ratio of 14.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The company’s 50 day moving average price is $33.42 and its 200 day moving average price is $35.59. Edgewell Personal Care has a 52 week low of $26.65 and a 52 week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results 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%. Research analysts expect that Edgewell Personal Care will post 3.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Edgewell Personal Care

Several hedge funds and other institutional investors have recently made changes to their positions in EPC. R Squared Ltd acquired a new stake in shares of Edgewell Personal Care in the fourth quarter worth $36,000. Wolverine Asset Management LLC boosted its holdings in Edgewell Personal Care by 217.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after purchasing an additional 800 shares during the period. Prospera Private Wealth LLC acquired a new stake in Edgewell Personal Care in the 3rd quarter worth $48,000. KBC Group NV increased its holdings in shares of Edgewell Personal Care by 56.5% during the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock worth $77,000 after purchasing an additional 823 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Edgewell Personal Care by 14.0% during the third quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after buying an additional 332 shares during the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

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.