In a report released yesterday, Bonnie Herzog from Wells Fargo maintained a Hold rating on Edgewell Personal Care (EPC), with a price target of $44. The company’s shares closed yesterday at $42.09, close to its 52-week low of $39.50.
Herzog wrote:
“We are lowering our FY19/FY20 EPS estimates by $0.19 to $3.42/$3.60, and our price target by $4 to $44.”
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 8.6% and a 72.6% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, The Estée Lauder Companies Inc, and Constellation Brands Inc.
Currently, the analyst consensus on Edgewell Personal Care is a Hold with an average price target of $45, a 6.9% upside from current levels. In a report released yesterday, Jefferies also assigned a Hold rating to the stock with a $42 price target.
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Based on Edgewell Personal Care’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.1 million. In comparison, last year the company had a GAAP net loss of $148 million.
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Edgewell Personal Care Co. engages in the manufacture and marketing of personal care products. It operates through the following segments: Wet Shave, Sun and Skin Care, Feminine Care, and All Other. The Wet Shave segment includes razor handle and refillable blades, disposable shave products, and shave gels and creams.
