Kimberly-Clark Corp. Price Target Increased to $98.00 by Analysts at Barclays (KMB)
Equities research analysts at Barclays boosted their target price on shares of Kimberly-Clark Corp. (NYSE:KMB) from $93.00 to $98.00 in a research note issued to investors on Wednesday, American Banking and Market News reports. Barclays’ price target would indicate a potential downside of 4.83% from the stock’s previous close.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.76% on Wednesday, hitting $104.78. The stock had a trading volume of 1,701,534 shares. Kimberly-Clark Corp. has a 1-year low of $82.15 and a 1-year high of $106.54. The stock’s 50-day moving average is $95.88 and its 200-day moving average is $98.21. The company has a market cap of $40.135 billion and a price-to-earnings ratio of 21.89.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.04. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the company posted $1.34 earnings per share. Kimberly-Clark Corp.’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corp. will post $5.68 earnings per share for the current fiscal year.
A number of other firms have also recently commented on KMB. Analysts at Credit Suisse raised their price target on shares of Kimberly-Clark Corp. to $94.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Kimberly-Clark Corp. in a research note to investors on Monday, October 7th. They set a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kimberly-Clark Corp. in a research note to investors on Thursday, August 29th. They now have a $97.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $99.40.
Kimberly-Clark Corporation (NYSE:KMB) is a global company focused on the world in essentials for a better life through product innovation and building its personal care, consumer tissue, K C professional and health care brands.
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