Barclays Issues Pessimistic Forecast for Edgewell Personal Care (NYSE:EPC) Stock Price

Edgewell Personal Care (NYSE:EPC) had its price objective reduced by equities researchers at Barclays from $36.00 to $33.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 1.96% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Truist Financial cut their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. UBS Group lowered their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.80.

Edgewell Personal Care Stock Performance

Shares of EPC stock traded up $0.47 on Friday, reaching $33.66. The stock had a trading volume of 90,681 shares, compared to its average volume of 434,346. The stock has a market cap of $1.64 billion, a P/E ratio of 17.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. Edgewell Personal Care has a 1 year low of $31.20 and a 1 year high of $41.50. The company has a 50 day simple moving average of $34.78 and a 200 day simple moving average of $36.61.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. During the same period in the previous year, the company posted $0.72 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts expect that Edgewell Personal Care will post 3.21 EPS for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

A number of institutional investors have recently added to or reduced their stakes in EPC. JPMorgan Chase & Co. lifted its holdings in shares of Edgewell Personal Care by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock worth $24,345,000 after buying an additional 39,059 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Edgewell Personal Care by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock valued at $9,137,000 after acquiring an additional 7,018 shares during the last quarter. Franklin Resources Inc. lifted its stake in Edgewell Personal Care by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 128,064 shares of the company’s stock worth $4,499,000 after purchasing an additional 2,684 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Edgewell Personal Care by 13.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,973 shares of the company’s stock valued at $718,000 after purchasing an additional 2,339 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Edgewell Personal Care by 33.1% during the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after purchasing an additional 693 shares in the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

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.