Kimberly-Clark Corp. PT Raised to $94.00 at Credit Suisse (KMB)
Research analysts at Credit Suisse lifted their target price on shares of Kimberly-Clark Corp. (NYSE:KMB) to $94.00 in a report released on Wednesday, Stock Ratings Network reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price suggests a potential downside of 8.71% from the company’s current price.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.62% on Wednesday, hitting $104.64. The stock had a trading volume of 1,247,772 shares. Kimberly-Clark Corp. has a 52 week low of $82.15 and a 52 week 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 $40.081 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Kimberly-Clark Corp. will post $5.68 EPS for the current fiscal year.
KMB has been the subject of a number of other recent research reports. 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. 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Kimberly-Clark Corp. presently has an average rating of “Hold” and an average target price of $98.83.
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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