Morgan Stanley Lowers Edgewell Personal Care (NYSE:EPC) Price Target to $32.00

Edgewell Personal Care (NYSE:EPC) had its price objective cut by Morgan Stanley from $35.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 10.38% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday. Barclays decreased their target price on shares of Edgewell Personal Care from $36.00 to $33.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. UBS Group decreased their target price on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial decreased their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC opened at $28.99 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. Edgewell Personal Care has a 12 month low of $26.65 and a 12 month high of $41.50. The company has a 50 day simple moving average of $33.42 and a two-hundred day simple moving average of $35.59. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.79 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. As a group, analysts predict that Edgewell Personal Care will post 3.19 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

Large investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Edgewell Personal Care during the third quarter worth $6,128,000. Chartwell Investment Partners LLC increased its position in Edgewell Personal Care by 54.3% during the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock worth $7,670,000 after purchasing an additional 74,315 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Edgewell Personal Care during the third quarter worth about $639,000. Barclays PLC boosted its stake in Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock worth $5,400,000 after buying an additional 126,168 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Edgewell Personal Care by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock worth $24,345,000 after buying an additional 39,059 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

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.