Royal Bank of Canada Has Lowered Expectations for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price target dropped by investment analysts at Royal Bank of Canada from $48.00 to $43.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 48.33% from the company’s previous close.

Several other research firms have also recently commented on EPC. Barclays reduced their target price on Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Truist Financial reduced their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Wells Fargo & Company reduced their target price on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group reduced their target price 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. Finally, Morgan Stanley reduced their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the 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 Up 1.4 %

NYSE EPC opened at $28.99 on Tuesday. The stock has a market cap of $1.41 billion, a PE ratio of 14.79 and a beta of 0.88. Edgewell Personal Care has a fifty-two week low of $26.65 and a fifty-two week high of $41.50. The business has a 50 day moving average price of $33.42 and a two-hundred day moving average price of $35.59. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80.

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

Institutional Investors Weigh In On Edgewell Personal Care

Several institutional investors and hedge funds have recently made changes to their positions in EPC. Brandes Investment Partners LP raised its position in shares of Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock valued at $68,600,000 after acquiring an additional 355,224 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Edgewell Personal Care by 63.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after acquiring an additional 259,200 shares in the last quarter. William Blair Investment Management LLC increased its position in Edgewell Personal Care by 40.5% in the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock worth $29,514,000 after buying an additional 253,014 shares during the period. Raymond James Financial Inc. acquired a new stake in Edgewell Personal Care in the fourth quarter worth $7,473,000. Finally, Empowered Funds LLC acquired a new stake in Edgewell Personal Care in the third quarter worth $6,128,000. 91.91% of the stock is owned by institutional investors and hedge funds.

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.