Edgewell Personal Care (NYSE:EPC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Edgewell Personal Care (NYSE:EPC) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $35.00 price target on the stock.

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. “

A number of other brokerages have also weighed in on EPC. Royal Bank of Canada set a $50.00 price target on shares of Edgewell Personal Care and gave the company a buy rating in a report on Wednesday, August 7th. Wells Fargo & Co reiterated a hold rating and issued a $30.00 price target on shares of Edgewell Personal Care in a report on Wednesday, August 7th. Bank of America reiterated a neutral rating and issued a $34.00 price target (up previously from $30.00) on shares of Edgewell Personal Care in a report on Wednesday, August 7th. Morgan Stanley decreased their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an equal weight rating on the stock in a report on Tuesday, September 3rd. Finally, TheStreet lowered shares of Edgewell Personal Care from a c rating to a d rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $38.64.

Shares of EPC traded up $0.34 during mid-day trading on Wednesday, reaching $31.51. The company had a trading volume of 259,393 shares, compared to its average volume of 707,550. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.38 and a beta of 0.86. The firm has a fifty day simple moving average of $30.54 and a 200-day simple moving average of $33.35. Edgewell Personal Care has a fifty-two week low of $26.36 and a fifty-two week high of $48.74. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.17. The company had revenue of $609.20 million for the quarter, compared to analyst estimates of $610.26 million. Edgewell Personal Care had a negative net margin of 17.40% and a positive return on equity of 12.23%. Edgewell Personal Care’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. As a group, equities analysts predict that Edgewell Personal Care will post 3.46 EPS for the current fiscal year.

In other Edgewell Personal Care news, insider John N. Hill bought 7,000 shares of Edgewell Personal Care stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average price of $28.18 per share, for a total transaction of $197,260.00. Following the acquisition, the insider now owns 29,808 shares of the company’s stock, valued at approximately $839,989.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director R David Hoover bought 4,000 shares of Edgewell Personal Care stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $31.40 per share, for a total transaction of $125,600.00. Following the acquisition, the director now directly owns 25,885 shares in the company, valued at approximately $812,789. The disclosure for this purchase can be found here. Insiders own 0.99% of the company’s stock.

Several large investors have recently bought and sold shares of EPC. Geode Capital Management LLC lifted its holdings in shares of Edgewell Personal Care by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 664,527 shares of the company’s stock valued at $24,819,000 after acquiring an additional 44,552 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Edgewell Personal Care by 5.1% in the 1st quarter. New York State Common Retirement Fund now owns 55,700 shares of the company’s stock worth $2,445,000 after buying an additional 2,700 shares in the last quarter. US Bancorp DE lifted its holdings in Edgewell Personal Care by 10.9% in the 1st quarter. US Bancorp DE now owns 34,488 shares of the company’s stock worth $1,513,000 after buying an additional 3,389 shares in the last quarter. Martingale Asset Management L P acquired a new position in Edgewell Personal Care in the 1st quarter worth $453,000. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Edgewell Personal Care by 1,952.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,703 shares of the company’s stock worth $382,000 after buying an additional 8,279 shares in the last quarter. Institutional investors and hedge funds own 94.52% 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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