Edgewell Personal Care (NYSE:EPC) Rating Increased to Buy at StockNews.com

Edgewell Personal Care (NYSE:EPC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other analysts also recently issued reports about the company. Barclays boosted their price target on Edgewell Personal Care from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Friday, July 19th. Canaccord Genuity Group boosted their price target on Edgewell Personal Care from $52.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.50.

Edgewell Personal Care Price Performance

The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 16.41 and a beta of 0.88. Edgewell Personal Care has a 1 year low of $33.71 and a 1 year high of $42.15. The business’s fifty day moving average is $39.48 and its 200 day moving average is $38.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 0.92.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.14. The firm had revenue of $599.40 million for the quarter, compared to analyst estimates of $606.74 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 5.40%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. As a group, analysts anticipate that Edgewell Personal Care will post 2.92 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Edgewell Personal Care in the fourth quarter valued at approximately $306,000. Allspring Global Investments Holdings LLC grew its stake in Edgewell Personal Care by 274.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock valued at $1,835,000 after acquiring an additional 36,723 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Edgewell Personal Care in the fourth quarter valued at approximately $930,000. Phocas Financial Corp. grew its stake in Edgewell Personal Care by 1.8% in the fourth quarter. Phocas Financial Corp. now owns 129,479 shares of the company’s stock valued at $4,743,000 after acquiring an additional 2,239 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in Edgewell Personal Care in the fourth quarter valued at approximately $239,000. 91.91% of the stock is currently 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.