Edgewell Personal Care (NYSE:EPC) Price Target Lowered to $40.00 at Canaccord Genuity Group

Edgewell Personal Care (NYSE:EPC) had its price objective cut by Canaccord Genuity Group from $53.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on EPC. UBS Group dropped their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Truist Financial cut their target price on shares of 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 decreased their price target on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada cut their price objective on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Morgan Stanley decreased their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday. 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 company’s stock. Based on data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $28.57 on Tuesday. 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 firm has a 50-day moving average of $33.60 and a 200-day moving average of $35.63. The company has a market cap of $1.39 billion, a PE ratio of 14.58 and a beta of 0.88. Edgewell Personal Care has a one year low of $26.65 and a one year high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced 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, equities analysts forecast that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. Edgewell Personal Care’s dividend payout ratio is presently 30.61%.

Institutional Investors Weigh In On Edgewell Personal Care

Several institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in Edgewell Personal Care during the 4th quarter worth $36,000. Wolverine Asset Management LLC increased its position in shares of Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after purchasing an additional 800 shares during the period. Prospera Private Wealth LLC acquired a new position in Edgewell Personal Care in the third quarter valued at about $48,000. KBC Group NV lifted its position in Edgewell Personal Care by 56.5% during the fourth 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. lifted its position in Edgewell Personal Care by 14.0% during the third quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after purchasing an additional 332 shares during the period. 91.91% of the stock is currently owned by institutional investors.

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.