Jefferies Raises Price Target on Edgewell Personal Care Company (EPC) Following Strong 4Q and Guidance

November 11, 2016 7:33 AM EST
Get Alerts EPC Hot Sheet
Price: $76.70 -2.62%

Rating Summary:
    1 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
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Jefferies reiterated a Hold rating on Edgewell Personal Care Company (NYSE: EPC), and raised the price target to $79.00 (from $75.00), following the company's 4Q earnings report. EPC delivered a solid 4Q topline, including organic sales of +9.2%, compared to the Street's +3.2% estimate. EPC's initial FY17 outlook calls for EPS of $3.80-$4.00, ~6% above Street estimates.

Analyst Kevin Grundy commented, "We are raising our FY17-18 EBITDA est. by 4-6% following EPC's strong 4Q and better than expected FY17 EPS guidance. Mgmt.'s emphasis on cost-cutting (ZBS) is appropriate and provides a source for investment, while competitive pressures remain intense, particularly in wet shave. Stock upside looks limited following today's bounce, particularly as "takeout story" rightfully moves to the back-burner (at least for now). Hold, PT to $79."

For an analyst ratings summary and ratings history on Edgewell Personal Care click here. For more ratings news on Edgewell Personal Care click here.

Shares of Edgewell Personal Care closed at $79.53 yesterday.



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