Edgewell Personal Care (EPC) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Edgewell Personal Care (NYSE:EPC) from a strong sell rating to a hold rating in a research note released on Wednesday.

According to Zacks, “Edgewell Personal Care Co. manufactures and markets personal care products. The company’s brand consists of Schick(R) and Wilkinson Sword(R) men’s and women’s shaving systems and disposable razors; Edge(R) and Skintimate(R) shave preparations; Playtex(R), Stayfree(R), Carefree(R) and o.b. (R) feminine care products; Banana Boat(R) and Hawaiian Tropic(R) sun care products; Playtex(R) infant feeding, Diaper Genie(R) and gloves; Wet Ones(R) moist wipes. Edgewell Personal Care Co., formerly known as Energizer Holdings, is based in St Louis, United States. “

Several other research firms have also recently issued reports on EPC. Citigroup lowered their price objective on Edgewell Personal Care from $87.00 to $77.00 and set a buy rating on the stock in a report on Friday, November 10th. Bank of America lowered their price objective on Edgewell Personal Care from $77.00 to $65.00 and set a neutral rating on the stock in a report on Friday, November 10th. Morgan Stanley lowered their price objective on Edgewell Personal Care from $80.00 to $65.00 and set an equal weight rating on the stock in a report on Friday, November 10th. Barclays cut Edgewell Personal Care from an equal weight rating to an underweight rating and set a $55.00 price objective on the stock. in a report on Friday, November 10th. Finally, TheStreet cut Edgewell Personal Care from a c rating to a d+ rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Edgewell Personal Care presently has a consensus rating of Hold and an average price target of $74.83.

Edgewell Personal Care (NYSE:EPC) traded down $0.59 during mid-day trading on Wednesday, reaching $59.71. The company had a trading volume of 477,710 shares, compared to its average volume of 513,734. The company has a current ratio of 2.26, a quick ratio of 1.63 and a debt-to-equity ratio of 0.88. Edgewell Personal Care has a 12 month low of $55.94 and a 12 month high of $82.06. The firm has a market cap of $3,289.07, a PE ratio of 15.00, a price-to-earnings-growth ratio of 3.31 and a beta of 0.87.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Thursday, November 9th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.03). Edgewell Personal Care had a return on equity of 12.54% and a net margin of 0.25%. The firm had revenue of $564.90 million during the quarter, compared to analyst estimates of $588.28 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. equities research analysts anticipate that Edgewell Personal Care will post 3.92 earnings per share for the current fiscal year.

In related news, Director Daniel J. Heinrich bought 1,500 shares of the stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $57.08 per share, for a total transaction of $85,620.00. Following the acquisition, the director now directly owns 3,530 shares in the company, valued at approximately $201,492.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Magnetar Financial LLC purchased a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at approximately $208,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at approximately $211,000. Fox Run Management L.L.C. purchased a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at approximately $233,000. Bayesian Capital Management LP purchased a new stake in shares of Edgewell Personal Care during the 2nd quarter valued at approximately $240,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Edgewell Personal Care during the 2nd quarter valued at approximately $286,000. 93.22% of the stock is currently owned by hedge funds and other 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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