Ecolab Inc. (ECL) Receives Consensus Rating of “Hold” from Analysts

Ecolab Inc. (NYSE:ECL) has earned a consensus rating of “Hold” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $139.86.

A number of research analysts have weighed in on the company. Credit Suisse Group raised their price target on Ecolab from $129.00 to $137.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Robert W. Baird decreased their price target on Ecolab from $144.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, January 23rd. Barclays raised their price target on Ecolab from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Stifel Nicolaus raised their price target on Ecolab from $140.00 to $153.00 and gave the company a “hold” rating in a research note on Wednesday, January 24th. Finally, UBS Group raised their price target on Ecolab from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st.

Ecolab (ECL) opened at $131.72 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.23 and a quick ratio of 0.83. The firm has a market capitalization of $38,060.00, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06. Ecolab has a one year low of $121.50 and a one year high of $140.50.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.01). The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.60 billion. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. equities research analysts predict that Ecolab will post 4.7 EPS for the current year.

In related news, EVP Michael A. Hickey sold 19,300 shares of Ecolab stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.54, for a total transaction of $2,654,522.00. Following the completion of the sale, the executive vice president now directly owns 43,262 shares of the company’s stock, valued at approximately $5,950,255.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas W. Handley sold 11,644 shares of Ecolab stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total value of $1,601,050.00. Following the sale, the insider now directly owns 109,542 shares of the company’s stock, valued at $15,062,025. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,446 shares of company stock valued at $7,886,307. Insiders own 1.49% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ECL. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Ecolab by 13,565.1% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,787,667 shares of the basic materials company’s stock worth $239,869,000 after purchasing an additional 1,774,585 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in Ecolab by 55.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,159,532 shares of the basic materials company’s stock worth $289,764,000 after purchasing an additional 774,520 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Ecolab by 1,397.8% during the 3rd quarter. Sterling Capital Management LLC now owns 570,435 shares of the basic materials company’s stock worth $73,364,000 after purchasing an additional 532,349 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in Ecolab by 475.4% during the 3rd quarter. Atlantic Trust Group LLC now owns 548,104 shares of the basic materials company’s stock worth $70,492,000 after purchasing an additional 452,846 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Ecolab by 386.2% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 305,019 shares of the basic materials company’s stock worth $39,228,000 after purchasing an additional 242,284 shares during the last quarter. 76.59% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This article was first posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.thelincolnianonline.com/2018/02/21/ecolab-inc-ecl-receives-consensus-rating-of-hold-from-analysts.html.

About Ecolab

Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

Analyst Recommendations for Ecolab (NYSE:ECL)

Receive News & Ratings for Ecolab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecolab and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply