Edgewell Personal Care (NYSE:EPC) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group initiated coverage on shares of Edgewell Personal Care (NYSE:EPCGet Rating) in a research note issued to investors on Thursday, Marketbeat reports. The firm issued a buy rating and a $48.00 price objective on the stock.

EPC has been the topic of a number of other reports. StockNews.com began coverage on shares of Edgewell Personal Care in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Wells Fargo & Company increased their price target on shares of Edgewell Personal Care to $44.00 in a report on Wednesday, November 16th. Morgan Stanley reduced their price target on shares of Edgewell Personal Care from $36.00 to $35.00 and set an underweight rating for the company in a report on Friday, November 11th. Barclays increased their price target on shares of Edgewell Personal Care from $31.00 to $35.00 and gave the company an underweight rating in a report on Monday, November 14th. Finally, Canaccord Genuity Group started coverage on shares of Edgewell Personal Care in a report on Wednesday, November 16th. They issued a buy rating for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $40.80.

Edgewell Personal Care Stock Performance

NYSE:EPC opened at $41.02 on Thursday. Edgewell Personal Care has a 1 year low of $32.00 and a 1 year high of $51.86. The firm’s fifty day simple moving average is $38.73 and its 200 day simple moving average is $37.89. The company has a current ratio of 1.72, a quick ratio of 0.90 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $2.11 billion, a PE ratio of 22.29 and a beta of 0.88.

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Tuesday, November 29th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, November 28th. Edgewell Personal Care’s payout ratio is 32.61%.

Hedge Funds Weigh In On Edgewell Personal Care

A number of hedge funds and other institutional investors have recently made changes to their positions in EPC. SG Americas Securities LLC bought a new position in shares of Edgewell Personal Care during the 1st quarter worth about $391,000. Mutual of America Capital Management LLC increased its position in shares of Edgewell Personal Care by 4.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,792 shares of the company’s stock worth $286,000 after purchasing an additional 364 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Edgewell Personal Care by 12.8% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 71,714 shares of the company’s stock worth $2,630,000 after purchasing an additional 8,127 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Edgewell Personal Care by 42.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock worth $70,000 after purchasing an additional 563 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Edgewell Personal Care by 90.1% during the 1st quarter. Russell Investments Group Ltd. now owns 310,361 shares of the company’s stock worth $11,377,000 after purchasing an additional 147,080 shares in the last quarter. 93.26% of the stock is owned by institutional investors.

About Edgewell Personal Care

(Get Rating)

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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Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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