Kimberly-Clark Corp. PT Raised to $121.00 (KMB)
Analysts at JPMorgan Chase & Co. hoisted their target price on shares of Kimberly-Clark Corp. (NYSE:KMB) from $110.00 to $121.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 14.68% from the stock’s previous close.
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 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 $40.415 billion and a price-to-earnings ratio of 22.16.
Kimberly-Clark Corp. (NYSE:KMB) last announced its 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 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. Analysts expect that Kimberly-Clark Corp. will post $5.72 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Kimberly-Clark Corp. from $96.00 to $105.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average 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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