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

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

Other research analysts have also issued research reports about the company. Barclays dropped their price objective on Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating on the stock in a report on Tuesday. UBS Group dropped their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. 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. Truist Financial decreased their target price on 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. Finally, Wells Fargo & Company decreased their target price on Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.57.

Edgewell Personal Care Price Performance

EPC stock traded up $0.06 on Tuesday, reaching $29.77. 292,916 shares of the company's stock were exchanged, compared to its average volume of 544,313. The stock has a fifty day moving average of $33.27 and a 200-day moving average of $35.55. Edgewell Personal Care has a twelve month low of $26.65 and a twelve month high of $41.50. The firm has a market cap of $1.45 billion, a PE ratio of 15.19 and a beta of 0.88. 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 (NYSE:EPC - Get Free Report) last announced its quarterly earnings data 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 predict that Edgewell Personal Care will post 3.19 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 2.02%. Edgewell Personal Care's dividend payout ratio is currently 30.61%.

Institutional Trading of Edgewell Personal Care

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC lifted its position in shares of Edgewell Personal Care by 4.6% in the fourth quarter. Voya Investment Management LLC now owns 39,472 shares of the company's stock valued at $1,326,000 after acquiring an additional 1,743 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Edgewell Personal Care by 8.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,320 shares of the company's stock valued at $1,389,000 after acquiring an additional 3,057 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of Edgewell Personal Care by 169.1% in the fourth quarter. Susquehanna International Group LLP now owns 44,776 shares of the company's stock valued at $1,504,000 after acquiring an additional 28,136 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Edgewell Personal Care by 166.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock valued at $147,000 after acquiring an additional 2,725 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Edgewell Personal Care by 5.2% in the fourth quarter. MetLife Investment Management LLC now owns 30,020 shares of the company's stock valued at $1,009,000 after acquiring an additional 1,495 shares in the last quarter. 91.91% of the stock is currently 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.