Ecolab Receives New Coverage from Analysts at RBC Capital (ECL)
Equities research analysts at RBC Capital initiated coverage on shares of Ecolab (NYSE:ECL) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on ECL. Analysts at Credit Suisse downgraded shares of Ecolab from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. They now have a $112.00 price target on the stock, up previously from $100.00. Separately, analysts at Jefferies Group raised their price target on shares of Ecolab from $115.00 to $123.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, 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, October 30th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Ecolab currently has an average rating of “Buy” and an average target price of $107.08.
Shares of Ecolab (NYSE:ECL) traded up 0.23% on Friday, hitting $105.24. 660,789 shares of the company’s stock traded hands. Ecolab has a 52 week low of $71.99 and a 52 week high of $108.34. The stock has a 50-day moving average of $104. and a 200-day moving average of $98.23. The company has a market cap of $31.709 billion and a price-to-earnings ratio of 35.02.
Ecolab (NYSE:ECL) last announced its earnings results 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 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, December 13th. This is a positive change from Ecolab’s previous quarterly dividend of $0.23.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.