Edgewell Personal Care Co. (NYSE:EPC) was downgraded by research analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating in a report issued on Monday. They presently have a $84.00 price objective on the stock. Bank of America Corp.’s target price indicates a potential upside of 11.05% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other research firms have also recently weighed in on EPC. Zacks Investment Research cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Monday, July 4th. Jefferies Group restated a “hold” rating and issued a $77.00 price target (down previously from $87.00) on shares of Edgewell Personal Care in a report on Monday, August 1st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $93.00 price target (up previously from $88.00) on shares of Edgewell Personal Care in a report on Friday, July 15th. Finally, Citigroup Inc. decreased their price target on Edgewell Personal Care from $97.00 to $94.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.88.
Shares of Edgewell Personal Care (NYSE:EPC) traded down 0.58% during trading on Monday, hitting $75.64. 647,315 shares of the stock were exchanged. Edgewell Personal Care has a one year low of $67.94 and a one year high of $88.00. The stock’s 50 day moving average price is $79.74 and its 200 day moving average price is $80.93. The stock’s market cap is $4.46 billion.
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Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.12. Edgewell Personal Care had a positive return on equity of 10.27% and a negative net margin of 4.02%. The firm had revenue of $645.10 million for the quarter, compared to analysts’ expectations of $647.55 million. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. Equities research analysts predict that Edgewell Personal Care will post $3.48 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. Raymond James & Associates raised its stake in Edgewell Personal Care by 2.1% in the second quarter. Raymond James & Associates now owns 3,643 shares of the company’s stock valued at $308,000 after buying an additional 76 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Edgewell Personal Care by 3.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,359 shares of the company’s stock valued at $367,000 after buying an additional 131 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in Edgewell Personal Care by 1.2% in the second quarter. GHP Investment Advisors Inc. now owns 11,190 shares of the company’s stock valued at $945,000 after buying an additional 132 shares in the last quarter. State Treasurer State of Michigan raised its stake in Edgewell Personal Care by 0.8% in the second quarter. State Treasurer State of Michigan now owns 23,844 shares of the company’s stock valued at $2,013,000 after buying an additional 200 shares in the last quarter. Finally, Creative Planning raised its stake in Edgewell Personal Care by 13.5% in the second quarter. Creative Planning now owns 1,938 shares of the company’s stock valued at $164,000 after buying an additional 230 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.
Edgewell Personal Care Company Profile
Edgewell Personal Care Company, formerly Energizer Holdings, Inc, manufactures and markets personal care products in the wet shave, sun and skin care, feminine care and infant care categories. The Company operates through four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other. The Company has a portfolio of over 25 brands.
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