Ecolab PT Raised to $123.00 at Jefferies Group (ECL)
Analysts at Jefferies Group lifted their target price on shares of Ecolab (NYSE:ECL) from $115.00 to $123.00 in a research report issued to clients and investors on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 16.38% from the company’s current price.
Shares of Ecolab (NYSE:ECL) opened at 105.69 on Friday. Ecolab has a 52 week low of $63.13 and a 52 week high of $108.34. The stock has a 50-day moving average of $100.5 and a 200-day moving average of $91.58. The company has a market cap of $31.852 billion and a price-to-earnings ratio of 38.05.
Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, analysts predict that Ecolab will post $3.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Ecolab from $105.00 to $111.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Ecolab from $105.00 to $113.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Ecolab from $110.00 to $120.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $106.50.
In other Ecolab news, EVP Michael A. Hickey sold 30,300 shares of Ecolab stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $106.37, for a total transaction of $3,223,011.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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