Kimberly-Clark Corp. PT Raised to $105.00 (KMB)
Analysts at BMO Capital Markets increased their price objective on shares of Kimberly-Clark Corp. (NYSE:KMB) from $96.00 to $105.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 0.48% from the company’s current price.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.25% during mid-day trading on Wednesday, hitting $105.51. 1,455,045 shares of the company’s stock traded hands. Kimberly-Clark Corp. has a 52 week low of $82.15 and a 52 week high of $106.54. The stock has a 50-day moving average of $95.88 and a 200-day moving average of $98.21. The company has a market cap of $40.415 billion and a P/E ratio of 22.16.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that Kimberly-Clark Corp. will post $5.72 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on KMB. Analysts at Sanford C. Bernstein raised their price target on shares of Kimberly-Clark Corp. from $105.00 to $108.00 in a research note to investors on Wednesday. Separately, analysts at B. Riley raised their price target on shares of Kimberly-Clark Corp. from $93.00 to $98.00 in a research note to investors on Wednesday. They now have a “neutral” 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 Wednesday. They now have a $108.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. Kimberly-Clark Corp. has a consensus rating of “Hold” and a consensus price target of $102.64.
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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