Edgewell Personal Care (NYSE:EPC) Given Neutral Rating at Bank of America

Edgewell Personal Care (NYSE:EPC)‘s stock had its “neutral” rating reaffirmed by stock analysts at Bank of America in a report released on Wednesday, Briefing.com Automated Import reports. They presently have a $34.00 price target on the stock, up from their previous price target of $30.00. Bank of America‘s price target would indicate a potential upside of 8.42% from the company’s current price.

EPC has been the topic of a number of other reports. Zacks Investment Research raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. ValuEngine lowered Edgewell Personal Care from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 9th. Wells Fargo & Co reissued a “hold” rating and set a $30.00 price target on shares of Edgewell Personal Care in a research report on Wednesday. Finally, SunTrust Banks raised Edgewell Personal Care from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $40.00 in a research report on Monday, July 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.27.

Shares of NYSE:EPC traded up $0.22 during trading on Wednesday, reaching $31.36. 848,292 shares of the stock were exchanged, compared to its average volume of 1,052,615. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.24 and a current ratio of 2.01. Edgewell Personal Care has a 12-month low of $26.36 and a 12-month high of $59.16. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 3.63 and a beta of 0.83. The company has a 50-day moving average price of $28.53.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Edgewell Personal Care had a return on equity of 10.94% and a net margin of 3.67%. The firm had revenue of $609.20 million for the quarter, compared to analyst estimates of $610.26 million. During the same period in the previous year, the company posted $0.91 EPS. Edgewell Personal Care’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts expect that Edgewell Personal Care will post 3.43 earnings per share for the current fiscal year.

In other news, CEO Rod R. Little purchased 9,300 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were acquired at an average cost of $32.00 per share, with a total value of $297,600.00. Following the transaction, the chief executive officer now owns 14,575 shares in the company, valued at approximately $466,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Heinrich purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $32.55 per share, for a total transaction of $97,650.00. Following the completion of the transaction, the director now owns 7,530 shares in the company, valued at approximately $245,101.50. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 33,300 shares of company stock worth $1,079,832. Corporate insiders own 0.99% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its stake in Edgewell Personal Care by 94.5% in the 2nd quarter. Wells Fargo & Company MN now owns 146,639 shares of the company’s stock worth $3,952,000 after acquiring an additional 71,245 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Edgewell Personal Care by 148.8% in the 2nd quarter. GSA Capital Partners LLP now owns 70,188 shares of the company’s stock worth $1,892,000 after acquiring an additional 41,972 shares during the period. Stone Ridge Asset Management LLC lifted its position in shares of Edgewell Personal Care by 46.9% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 13,477 shares of the company’s stock worth $363,000 after acquiring an additional 4,300 shares during the period. Investment Counselors of Maryland LLC lifted its position in shares of Edgewell Personal Care by 15.8% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 364,025 shares of the company’s stock worth $9,810,000 after acquiring an additional 49,544 shares during the period. Finally, Gabelli Funds LLC lifted its position in shares of Edgewell Personal Care by 17.7% in the 2nd quarter. Gabelli Funds LLC now owns 903,500 shares of the company’s stock worth $24,349,000 after acquiring an additional 136,000 shares during the period. Hedge funds and other institutional investors own 94.84% 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.

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Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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