Ecolab Inc. Reaches New 12-Month High at $102.13 (ECL)
Ecolab (NYSE:ECL)’s share price reached a new 52-week high during trading hours on Thursday, American Banking and Market News reports. The company traded as high as $102.13 and last traded at $101.82, with a volume of 533,518 shares traded. The stock had previously closed at $101.84.
A number of analysts have recently weighed in on ECL shares. Analysts at Jefferies Group raised their price target on shares of Ecolab from $110.00 to $115.00 in a research note to investors on Wednesday. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $98.77.
Ecolab has a 1-year low of $67.97 and a 1-year high of $101.94. The stock has a 50-day moving average of $96.9 and a 200-day moving average of $89.61. The company has a market cap of $30.830 billion and a P/E ratio of 36.55.
Ecolab (NYSE:ECL) last released its earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ 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.
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