Edgewell Personal Care (NYSE:EPC) had its price target cut by investment analysts at Morgan Stanley from $65.00 to $56.00 in a research report issued to clients and investors on Friday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 11.73% from the company’s previous close.

A number of other equities analysts also recently commented on EPC. Bank of America cut their target price on shares of Edgewell Personal Care from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, October 13th. KeyCorp reaffirmed a “hold” rating on shares of Edgewell Personal Care in a research note on Monday, October 16th. Jefferies Group reaffirmed a “hold” rating and set a $78.00 price target on shares of Edgewell Personal Care in a research note on Thursday, October 19th. Barclays downgraded shares of Edgewell Personal Care from an “equal weight” rating to an “underweight” rating and set a $55.00 price target on the stock. in a research note on Friday, November 10th. Finally, Citigroup dropped their price target on shares of Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $69.33.

Edgewell Personal Care (EPC) opened at $50.12 on Friday. Edgewell Personal Care has a one year low of $46.83 and a one year high of $82.06. The company has a quick ratio of 1.63, a current ratio of 2.65 and a debt-to-equity ratio of 1.01. The company has a market cap of $2,706.38, a price-to-earnings ratio of 14.24, a PEG ratio of 2.77 and a beta of 0.74.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The business had revenue of $468.30 million during the quarter, compared to analysts’ expectations of $470.63 million. During the same period in the prior year, the business posted $0.66 EPS. The business’s revenue was down 3.4% on a year-over-year basis. sell-side analysts forecast that Edgewell Personal Care will post 3.9 earnings per share for the current year.

Edgewell Personal Care announced that its board has initiated a stock buyback program on Thursday, February 8th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, Director Daniel J. Heinrich acquired 1,500 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $57.08 per share, with a total value of $85,620.00. Following the acquisition, the director now directly owns 3,530 shares in the company, valued at $201,492.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.97% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Magnetar Financial LLC acquired a new position in Edgewell Personal Care during the 3rd quarter worth $208,000. Virginia Retirement Systems ET AL acquired a new position in Edgewell Personal Care during the 3rd quarter worth $211,000. Robeco Institutional Asset Management B.V. grew its holdings in Edgewell Personal Care by 3,194.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after acquiring an additional 3,067 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Edgewell Personal Care during the 3rd quarter worth $233,000. Finally, State of Alaska Department of Revenue acquired a new position in Edgewell Personal Care during the 4th quarter worth $201,000. 93.75% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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