McLean Capital Management Upgrades Kimberly-Clark Corp. to Buy (KMB)
Kimberly-Clark Corp. (NYSE:KMB) was upgraded by analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, ARN reports.
In other Kimberly-Clark Corp. news, SVP Lizanne Gottung unloaded 5,553 shares of the stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $108.94, for a total value of $604,943.82. Following the completion of the sale, the senior vice president now directly owns 8,625 shares in the company, valued at approximately $939,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on KMB. Analysts at Zacks reiterated a “neutral” rating on shares of Kimberly-Clark Corp. in a research note on Wednesday, February 5th. They now have a $111.00 price target on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Kimberly-Clark Corp. in a research note on Wednesday, January 29th. They set a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Kimberly-Clark Corp. from $6.00 to $111.00 in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Kimberly-Clark Corp. has a consensus rating of “Hold” and a consensus price target of $104.83.
Kimberly-Clark Corp. (NYSE:KMB) traded down 0.11% during mid-day trading on Friday, hitting $109.85. The stock had a trading volume of 1,646,019 shares. Kimberly-Clark Corp. has a 1-year low of $91.44 and a 1-year high of $111.68. The stock’s 50-day moving average is $106.4 and its 200-day moving average is $102.1. The company has a market cap of $41.831 billion and a price-to-earnings ratio of 19.89.
Kimberly-Clark Corp. (NYSE:KMB) last posted its quarterly earnings results on Friday, January 24th. The company reported $1.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.39 by $0.01. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company posted $1.37 earnings per share. Kimberly-Clark Corp.’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Corp. will post $6.12 earnings per share for the current fiscal year.
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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