Ecolab (NYSE:ECL) had its target price lifted by Nomura from $136.00 to $146.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the basic materials company’s stock. Nomura’s price objective suggests a potential upside of 4.81% from the stock’s current price.
Several other analysts have also recently issued reports on ECL. JPMorgan Chase & Co. cut shares of Ecolab from a “neutral” rating to an “underweight” rating in a research note on Thursday. Credit Suisse Group boosted their price objective on shares of Ecolab from $137.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of Ecolab from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, May 3rd. Deutsche Bank lifted their target price on shares of Ecolab to $140.00 and gave the company a “hold” rating in a report on Tuesday, May 8th. Finally, ValuEngine lowered shares of Ecolab from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Ecolab presently has an average rating of “Hold” and an average price target of $145.44.
Shares of Ecolab traded up $0.97, hitting $139.30, during trading on Thursday, according to Marketbeat. 19,364 shares of the company traded hands, compared to its average volume of 1,139,030. Ecolab has a 1 year low of $125.74 and a 1 year high of $150.46. The stock has a market capitalization of $39.94 billion, a PE ratio of 29.74, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 0.83.
Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.02. Ecolab had a net margin of 10.62% and a return on equity of 19.01%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the company earned $0.80 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. equities research analysts expect that Ecolab will post 5.39 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Wagner Wealth Management LLC acquired a new stake in shares of Ecolab in the 4th quarter valued at about $112,000. Captrust Financial Advisors acquired a new stake in shares of Ecolab in the 4th quarter valued at about $129,000. Signaturefd LLC acquired a new stake in shares of Ecolab in the 1st quarter valued at about $131,000. Aevitas Wealth Management Inc. acquired a new stake in shares of Ecolab in the 4th quarter valued at about $133,000. Finally, Summit Trail Advisors LLC raised its stake in shares of Ecolab by 14,388.0% in the 1st quarter. Summit Trail Advisors LLC now owns 162,411 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 161,290 shares in the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.
Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.
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