Ecolab Inc. Sets New 1-Year High at $99.57 (ECL)
Ecolab (NYSE:ECL) set a new 52-week high during trading hours on Tuesday, AnalystRatings.Net reports. The company traded as high as $99.57 and last traded at $99.02, with a volume of 338,884 shares. The stock had previously closed at $98.76.
ECL has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Ecolab (NYSE:ECL) from $100.00 to $110.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Ecolab (NYSE:ECL) from $95.00 to $105.00 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Ecolab (NYSE:ECL) from $86.00 to $100.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $97.85.
Ecolab has a 52 week low of $63.42 and a 52 week high of $99.45. The stock’s 50-day moving average is $94.42 and its 200-day moving average is $88.03. The company has a market cap of $29.980 billion and a price-to-earnings ratio of 35.45.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company posted $0.72 earnings per share. Ecolab’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Ecolab will post $3.54 EPS for the current fiscal year.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.