Edgewell Personal Care (NYSE:EPC) Given New $37.00 Price Target at Wells Fargo & Company

Edgewell Personal Care (NYSE:EPC) had its price objective cut by investment analysts at Wells Fargo & Company from $42.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 15.88% from the company’s current price.

A number of other brokerages have also recently commented on EPC. Truist Financial decreased their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Barclays lowered their price target on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.20.

Edgewell Personal Care Stock Performance

EPC traded down $0.19 during trading on Tuesday, hitting $31.93. 34,325 shares of the company traded hands, compared to its average volume of 345,412. The firm has a market cap of $1.55 billion, a P/E ratio of 16.29 and a beta of 0.89. 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 has a one year low of $31.80 and a one year high of $41.50. The stock’s fifty day moving average is $35.31 and its 200 day moving average is $37.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Clearstead Trust LLC purchased a new stake in Edgewell Personal Care during the second quarter valued at approximately $33,000. Prospera Private Wealth LLC purchased a new stake in Edgewell Personal Care during the 3rd quarter valued at $48,000. Acadian Asset Management LLC bought a new stake in Edgewell Personal Care in the second quarter worth $53,000. Canada Pension Plan Investment Board purchased a new position in Edgewell Personal Care during the second quarter worth $84,000. Finally, TD Private Client Wealth LLC raised its stake in shares of Edgewell Personal Care by 33.1% in the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after acquiring an additional 693 shares during the period. Institutional investors own 91.91% of the company’s stock.

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.