Edgewell Personal Care (EPC) Downgraded by Societe Generale to “Hold”

Edgewell Personal Care (NYSE:EPC) was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat.com reports.

EPC has been the subject of several other reports. Morgan Stanley reduced their price objective on Edgewell Personal Care from $53.00 to $49.00 and set an “equal weight” rating for the company in a research note on Friday, April 20th. Bank of America increased their price objective on Edgewell Personal Care from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Monday, July 16th. Citigroup increased their price objective on Edgewell Personal Care from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, June 29th. ValuEngine downgraded Edgewell Personal Care from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research downgraded Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $52.10.

Shares of Edgewell Personal Care traded down $0.07, reaching $56.70, during midday trading on Thursday, MarketBeat.com reports. 7,048 shares of the company’s stock traded hands, compared to its average volume of 720,165. Edgewell Personal Care has a 1 year low of $39.50 and a 1 year high of $76.76. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 5.40 and a beta of 0.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.82 and a quick ratio of 1.15.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Tuesday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. Edgewell Personal Care had a positive return on equity of 11.51% and a negative net margin of 0.95%. The firm had revenue of $620.60 million for the quarter, compared to analyst estimates of $619.95 million. During the same quarter last year, the firm posted $1.11 EPS. The business’s revenue was down 2.7% on a year-over-year basis. sell-side analysts expect that Edgewell Personal Care will post 3.5 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of EPC. Legion Partners Asset Management LLC acquired a new stake in shares of Edgewell Personal Care in the 1st quarter worth $37,144,000. American Century Companies Inc. increased its stake in shares of Edgewell Personal Care by 141.3% in the 1st quarter. American Century Companies Inc. now owns 1,054,016 shares of the company’s stock worth $51,457,000 after acquiring an additional 617,145 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Edgewell Personal Care by 37.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,349,370 shares of the company’s stock worth $65,876,000 after acquiring an additional 367,693 shares during the last quarter. UBS Group AG increased its stake in shares of Edgewell Personal Care by 76.2% in the 1st quarter. UBS Group AG now owns 442,486 shares of the company’s stock worth $21,603,000 after acquiring an additional 191,410 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Edgewell Personal Care by 78.8% in the 2nd quarter. Wells Fargo & Company MN now owns 413,242 shares of the company’s stock worth $20,852,000 after acquiring an additional 182,079 shares during the last quarter. 94.54% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: What do investors mean by earnings per share?

Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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