Edgewell Personal Care (NYSE:EPC) Downgraded by Bank of America
Bank of America lowered shares of Edgewell Personal Care (NYSE:EPC) from a neutral rating to an underperform rating in a research note issued to investors on Thursday, January 4th, MarketBeat Ratings reports.
A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Edgewell Personal Care from a hold rating to a strong sell rating in a research report on Tuesday, November 14th. Wells Fargo & Co assumed coverage on Edgewell Personal Care in a research report on Tuesday, December 19th. They set a market perform rating for the company. KeyCorp reaffirmed a hold rating on shares of Edgewell Personal Care in a research report on Friday, November 24th. Jefferies Group reaffirmed a hold rating and set a $78.00 target price on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Finally, TheStreet lowered Edgewell Personal Care from a c rating to a d+ rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Edgewell Personal Care presently has a consensus rating of Hold and an average price target of $74.83.
Shares of Edgewell Personal Care (EPC) traded down $0.47 during trading hours on Thursday, hitting $56.96. The stock had a trading volume of 79,541 shares, compared to its average volume of 623,906. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.26 and a quick ratio of 1.63. Edgewell Personal Care has a one year low of $55.94 and a one year high of $82.06. The firm has a market capitalization of $3,246.08, a price-to-earnings ratio of 957.17, a price-to-earnings-growth ratio of 3.26 and a beta of 0.87.
In related news, Director Daniel J. Heinrich bought 1,500 shares of the business’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $57.08 per share, for a total transaction of $85,620.00. Following the purchase, the director now directly owns 3,530 shares in the company, valued at $201,492.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.97% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Twin Capital Management Inc. bought a new stake in shares of Edgewell Personal Care during the 4th quarter valued at about $1,185,000. PGGM Investments bought a new stake in shares of Edgewell Personal Care during the 4th quarter valued at about $9,104,000. Robeco Institutional Asset Management B.V. boosted its position in shares of 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 valued at $188,000 after acquiring an additional 3,067 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Edgewell Personal Care by 160.6% during the 4th quarter. SG Americas Securities LLC now owns 19,438 shares of the company’s stock valued at $1,154,000 after acquiring an additional 11,980 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Edgewell Personal Care by 16.8% during the 4th quarter. Fisher Asset Management LLC now owns 121,597 shares of the company’s stock valued at $7,222,000 after buying an additional 17,500 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company’s stock.
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About Edgewell Personal Care
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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