Edgewell Personal Care (NYSE:EPC) has been assigned a $47.00 price target by investment analysts at Barclays in a report released on Saturday. The firm presently has a “sell” rating on the stock. Barclays’ price objective would suggest a potential downside of 6.23% from the company’s current price.
A number of other research analysts have also issued reports on EPC. Bank of America dropped their price objective on shares of Edgewell Personal Care from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of Edgewell Personal Care in a report on Monday, October 16th. Jefferies Group reiterated a “hold” rating and issued a $78.00 price objective on shares of Edgewell Personal Care in a report on Thursday, October 19th. Citigroup dropped their price objective on shares of Edgewell Personal Care from $87.00 to $77.00 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, Morgan Stanley dropped their price objective on shares of Edgewell Personal Care from $80.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $68.67.
Shares of Edgewell Personal Care (EPC) traded up $0.67 during midday trading on Friday, reaching $50.12. 1,457,424 shares of the company were exchanged, compared to its average volume of 840,381. The company has a market cap of $2,706.38, a price-to-earnings ratio of -125.30, a PEG ratio of 2.77 and a beta of 0.74. Edgewell Personal Care has a 1-year low of $46.83 and a 1-year high of $82.06. The company has a current ratio of 2.65, a quick ratio of 1.63 and a debt-to-equity ratio of 1.01.
Edgewell Personal Care declared that its board has initiated a stock repurchase program on Thursday, February 8th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.
In other news, Director Daniel J. Heinrich purchased 1,500 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the acquisition, the director now owns 3,530 shares in the company, valued at $201,492.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. raised its holdings in Edgewell Personal Care by 3,194.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after purchasing an additional 3,067 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Edgewell Personal Care during the 4th quarter worth approximately $201,000. Magnetar Financial LLC bought a new position in Edgewell Personal Care during the 3rd quarter worth approximately $208,000. Virginia Retirement Systems ET AL bought a new position in Edgewell Personal Care during the 3rd quarter worth approximately $211,000. Finally, Fox Run Management L.L.C. bought a new position in Edgewell Personal Care during the 3rd quarter worth approximately $233,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.
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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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