Edgewell Personal Care (NYSE:EPC) Price Target Raised to $53.00 at Canaccord Genuity Group

Edgewell Personal Care (NYSE:EPC) had its target price lifted by investment analysts at Canaccord Genuity Group from $52.00 to $53.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 35.00% from the stock’s previous close.

A number of other research firms have also recently weighed in on EPC. Barclays cut their price target on Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Wells Fargo & Company raised their price target on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.50.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC traded up $0.43 during midday trading on Thursday, hitting $39.26. 582,804 shares of the stock were exchanged, compared to its average volume of 368,998. The stock has a market cap of $1.96 billion, a P/E ratio of 19.06 and a beta of 0.95. Edgewell Personal Care has a twelve month low of $33.71 and a twelve month high of $46.13. The company has a 50 day moving average price of $37.36 and a 200-day moving average price of $36.76. The company has a current ratio of 2.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.14. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company had revenue of $599.40 million for the quarter, compared to the consensus estimate of $606.74 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts forecast that Edgewell Personal Care will post 2.8 earnings per share for the current year.

Institutional Investors Weigh In On Edgewell Personal Care

A number of institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of Edgewell Personal Care by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 144,692 shares of the company’s stock worth $5,348,000 after buying an additional 26,913 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Edgewell Personal Care by 274.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock worth $1,835,000 after buying an additional 36,723 shares during the period. LSV Asset Management increased its position in shares of Edgewell Personal Care by 4.7% in the third quarter. LSV Asset Management now owns 883,354 shares of the company’s stock worth $32,649,000 after acquiring an additional 39,700 shares in the last quarter. FMR LLC raised its stake in shares of Edgewell Personal Care by 4,213.9% in the 3rd quarter. FMR LLC now owns 104,872 shares of the company’s stock valued at $3,876,000 after acquiring an additional 102,441 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Edgewell Personal Care during the 3rd quarter valued at $1,619,000. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

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.