Ecolab PT Raised to $123.00 at Stifel Nicolaus (ECL)
Equities researchers at Stifel Nicolaus boosted their target price on shares of Ecolab (NYSE:ECL) from $103.00 to $123.00 in a research report issued on Wednesday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 14.44% from the stock’s previous close.
Ecolab (NYSE:ECL) traded up 0.41% during mid-day trading on Wednesday, hitting $107.92. 253,192 shares of the company’s stock traded hands. Ecolab has a 52 week low of $63.13 and a 52 week high of $96.37. The stock’s 50-day moving average is $92.8 and its 200-day moving average is $86.29. The company has a market cap of $32.524 billion and a price-to-earnings ratio of 38.58.
Ecolab (NYSE:ECL) last released its earnings data on Tuesday, October 29th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.01. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the company posted $0.87 earnings per share. Ecolab’s revenue was up 15.2% compared to the same quarter last year. On average, analysts predict that Ecolab will post $3.54 earnings per share for the current fiscal year.
ECL has been the subject of a number of other recent research reports. Analysts at UBS AG initiated coverage on shares of Ecolab in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, 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, October 16th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ecolab in a research note to investors on Wednesday, October 16th. They now have a $105.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $100.31.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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