Citigroup Lowers Kimberly-Clark (NASDAQ:KMB) Price Target to $90.00

Kimberly-Clark (NASDAQ:KMB) had its price objective lowered by analysts at Citigroup from $95.00 to $90.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. Citigroup’s price objective would suggest a potential downside of 9.20% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. BNP Paribas restated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. Piper Sandler lowered their target price on shares of Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Thursday, November 13th. Finally, Morgan Stanley cut their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $120.00.

Kimberly-Clark Stock Up 0.4%

NASDAQ KMB traded up $0.39 during trading hours on Wednesday, reaching $99.12. 3,981,389 shares of the company’s stock were exchanged, compared to its average volume of 6,176,912. The company has a market capitalization of $32.90 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 3.77 and a beta of 0.26. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. Kimberly-Clark has a one year low of $96.26 and a one year high of $150.45. The company’s 50-day moving average is $102.57 and its two-hundred day moving average is $118.04.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.14 billion. During the same period last year, the business earned $1.83 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark will post 7.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds have recently bought and sold shares of the business. Investment Research & Advisory Group Inc. bought a new position in Kimberly-Clark in the second quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at $25,000. True Wealth Design LLC increased its holdings in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Princeton Global Asset Management LLC raised its position in Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares during the last quarter. Finally, Winnow Wealth LLC purchased a new stake in Kimberly-Clark in the second quarter valued at $27,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.