Edgewell Personal Care (NYSE:EPC) Lifted to “Buy” at SunTrust Banks

SunTrust Banks upgraded shares of Edgewell Personal Care (NYSE:EPC) from a hold rating to a buy rating in a research note published on Monday, Benzinga reports. They currently have $40.00 price objective on the stock, up from their prior price objective of $35.00.

Other analysts have also recently issued reports about the company. ValuEngine upgraded VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. Wells Fargo & Co upped their price target on Restaurant Brands International from $68.00 to $70.00 and gave the company a market perform rating in a research report on Tuesday, April 16th. Finally, Zacks Investment Research upgraded Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Edgewell Personal Care currently has an average rating of Hold and an average price target of $45.36.

EPC opened at $28.14 on Monday. The company has a market capitalization of $1.52 billion, a PE ratio of 7.99, a PEG ratio of 3.12 and a beta of 0.82. The company has a current ratio of 2.01, a quick ratio of 1.24 and a debt-to-equity ratio of 0.74. Edgewell Personal Care has a 1 year low of $26.36 and a 1 year high of $59.16. The company’s 50 day moving average price is $29.07.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Thursday, May 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.13. The business had revenue of $546.70 million for the quarter, compared to analysts’ expectations of $562.22 million. Edgewell Personal Care had a return on equity of 10.94% and a net margin of 3.67%. Edgewell Personal Care’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. Analysts anticipate that Edgewell Personal Care will post 3.44 earnings per share for the current year.

In related news, Director Daniel J. Heinrich purchased 3,000 shares of the stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $32.55 per share, for a total transaction of $97,650.00. Following the completion of the transaction, the director now directly owns 7,530 shares of the company’s stock, valued at approximately $245,101.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marisa Iasenza purchased 2,200 shares of the stock in a transaction on Friday, May 17th. The stock was bought at an average price of $32.78 per share, for a total transaction of $72,116.00. Following the completion of the transaction, the insider now directly owns 2,200 shares of the company’s stock, valued at $72,116. The disclosure for this purchase can be found here. Insiders acquired 33,300 shares of company stock worth $1,079,832 over the last quarter. Company insiders own 0.99% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Harbour Capital Advisors LLC acquired a new position in Edgewell Personal Care in the second quarter worth $220,000. WINTON GROUP Ltd boosted its stake in Edgewell Personal Care by 1,787.8% in the second quarter. WINTON GROUP Ltd now owns 241,303 shares of the company’s stock worth $6,503,000 after purchasing an additional 228,521 shares in the last quarter. First Trust Advisors LP acquired a new position in Edgewell Personal Care in the first quarter worth $2,369,000. Accident Compensation Corp boosted its stake in Edgewell Personal Care by 221.7% in the first quarter. Accident Compensation Corp now owns 19,300 shares of the company’s stock worth $847,000 after purchasing an additional 13,300 shares in the last quarter. Finally, Group One Trading L.P. acquired a new position in Edgewell Personal Care in the first quarter worth $235,000. Hedge funds and other institutional investors own 93.72% 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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Analyst Recommendations for Edgewell Personal Care (NYSE:EPC)

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