Ecolab Given New $115.00 Price Target at Jefferies Group (ECL)
Equities research analysts at Jefferies Group boosted their price objective on shares of Ecolab (NYSE:ECL) from $110.00 to $115.00 in a research note issued to investors on Wednesday, Stock Ratings News reports. Jefferies Group’s price target would indicate a potential upside of 12.92% from the stock’s previous close.
Shares of Ecolab (NYSE:ECL) traded up 2.23% on Wednesday, hitting $101.84. The stock had a trading volume of 774,929 shares. Ecolab has a 52 week low of $67.97 and a 52 week high of $101.94. The stock’s 50-day moving average is $96.9 and its 200-day moving average is $89.61. The company has a market cap of $30.692 billion and a price-to-earnings ratio of 35.76.
Ecolab (NYSE:ECL) last announced its 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 in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Ecolab will post $3.54 EPS for the current fiscal year.
ECL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Ecolab in a research note to investors on Wednesday. They now have a $105.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Ecolab 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. Finally, analysts at Barclays raised their price target on shares of Ecolab 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ecolab has a consensus rating of “Buy” and a consensus price target of $98.77.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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