Edgewell Personal Care (NYSE:EPC) Given New $32.00 Price Target at Morgan Stanley

Edgewell Personal Care (NYSE:EPC - Free Report) had its price objective cut by Morgan Stanley from $35.00 to $32.00 in a research note published on Tuesday,Benzinga reports. They currently have an underweight rating on the stock.

EPC has been the topic of a number of other reports. Barclays lowered their price target on Edgewell Personal Care from $36.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. UBS Group decreased their target price 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. Truist Financial cut their price target on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, Wells Fargo & Company decreased 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.57.

Edgewell Personal Care Price Performance

NYSE:EPC traded up $0.06 during trading hours on Tuesday, reaching $29.77. The company had a trading volume of 292,916 shares, compared to its average volume of 544,313. The stock has a 50-day moving average of $33.27 and a two-hundred day moving average of $35.55. Edgewell Personal Care has a one year low of $26.65 and a one year high of $41.50. The firm has a market capitalization 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 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 net margin of 4.38% and a return on equity of 9.78%. 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. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.02%. Edgewell Personal Care's payout ratio is presently 30.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of Edgewell Personal Care by 43.6% in the 2nd quarter. AQR Capital Management LLC now owns 8,585 shares of the company's stock valued at $342,000 after purchasing an additional 2,606 shares during the period. Inspire Investing LLC lifted its stake in Edgewell Personal Care by 28.8% in the third quarter. Inspire Investing LLC now owns 11,308 shares of the company's stock valued at $411,000 after buying an additional 2,526 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Edgewell Personal Care by 9.1% during the third quarter. Exchange Traded Concepts LLC now owns 19,138 shares of the company's stock worth $695,000 after buying an additional 1,591 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Edgewell Personal Care by 17.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 35,389 shares of the company's stock valued at $1,286,000 after acquiring an additional 5,289 shares during the period. Finally, Blue Trust Inc. boosted its stake in Edgewell Personal Care by 14.0% during the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company's stock worth $108,000 after acquiring an additional 332 shares during the last quarter. 91.91% of the stock is 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.