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

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

Other research analysts also recently issued research reports about the stock. Truist Financial dropped their price objective 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. Barclays dropped their price objective on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, UBS Group decreased their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of “Hold” and an average target price of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $29.72 on Tuesday. The company has a market capitalization of $1.45 billion, a PE ratio of 15.16 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. 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 company’s fifty day moving average price is $33.27 and its 200 day moving average price is $35.55.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.15 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.02%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Institutional Trading of Edgewell Personal Care

Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in Edgewell Personal Care during the fourth quarter worth about $5,040,000. Sterling Capital Management LLC grew its stake in Edgewell Personal Care by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company’s stock worth $51,000 after buying an additional 1,362 shares during the last quarter. LSV Asset Management grew its stake in Edgewell Personal Care by 6.8% during the fourth quarter. LSV Asset Management now owns 1,166,152 shares of the company’s stock worth $39,183,000 after buying an additional 74,231 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Edgewell Personal Care during the fourth quarter worth about $7,473,000. Finally, Invesco Ltd. grew its stake in Edgewell Personal Care by 18.1% during the fourth quarter. Invesco Ltd. now owns 430,128 shares of the company’s stock worth $14,452,000 after buying an additional 65,944 shares during the last quarter. 91.91% of the stock is owned by 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.