Morgan Stanley Boosts Edgewell Personal Care (EPC) Price Target to $53.00
Edgewell Personal Care (NYSE:EPC) had its target price hoisted by analysts at Morgan Stanley from $49.00 to $53.00 in a report released on Friday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 5.83% from the company’s previous close.
EPC has been the topic of a number of other research reports. Bank of America boosted their price objective on Edgewell Personal Care from $45.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, July 16th. Citigroup boosted their price objective on Edgewell Personal Care from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, June 29th. UBS Group started coverage on Edgewell Personal Care in a research note on Thursday, July 19th. They issued a “neutral” rating and a $54.00 price objective on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Edgewell Personal Care in a research note on Tuesday, August 7th. Finally, Barclays set a $38.00 price objective on Edgewell Personal Care and gave the stock a “sell” rating in a research note on Thursday, May 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Edgewell Personal Care presently has a consensus rating of “Hold” and an average price target of $54.18.
Shares of EPC traded down $0.11 during midday trading on Friday, reaching $56.28. The stock had a trading volume of 2,074 shares, compared to its average volume of 690,242. Edgewell Personal Care has a 52 week low of $39.50 and a 52 week high of $76.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.79 and a current ratio of 1.25. The company has a market capitalization of $3.07 billion, a PE ratio of 14.18, a P/E/G ratio of 5.44 and a beta of 0.85.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legion Partners Asset Management LLC acquired a new position in shares of Edgewell Personal Care in the 1st quarter worth $37,144,000. Parametrica Management Ltd acquired a new position in shares of Edgewell Personal Care in the 2nd quarter worth $201,000. Prudential Financial Inc. grew its holdings in shares of Edgewell Personal Care by 34.6% in the 1st quarter. Prudential Financial Inc. now owns 48,270 shares of the company’s stock worth $2,357,000 after acquiring an additional 12,410 shares during the last quarter. Swiss National Bank grew its holdings in shares of Edgewell Personal Care by 2.1% in the 1st quarter. Swiss National Bank now owns 94,100 shares of the company’s stock worth $4,594,000 after acquiring an additional 1,900 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Edgewell Personal Care by 4.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,488,774 shares of the company’s stock worth $170,321,000 after acquiring an additional 135,267 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.
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.
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