Ecolab’s Neutral Rating Reaffirmed at Zacks (ECL)
Ecolab (NYSE:ECL)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Monday, StockRatingsNetwork.com reports. They currently have a $107.00 price objective on the stock. Zacks‘ price objective indicates a potential upside of 4.71% from the company’s current price.
Zacks‘ analyst wrote, “Ecolab’s 2013-fourth quarter adjusted EPS of $1.04 grew 17% but lagged the Zacks Consensus Estimate by a penny. Year-over-year growth was led by solid top-line growth, cost efficiency programs and synergies. Revenues grew 16.9% to $3,559.5 million and topped the mark. Global Energy and Global Specialty businesses posted strong results in the quarter. Ecolab is active on the acquisition front and continues to explore opportunities to expand in emerging markets to sustain growth. However, currency fluctuations, higher raw material prices and stiff competition remain significant headwinds. As a result, we reiterate our Neutral recommendation on Ecolab and set a target of $107.00.”
Ecolab (NYSE:ECL) traded up 0.30% on Monday, hitting $102.50. 583,020 shares of the company’s stock traded hands. Ecolab has a 52 week low of $72.03 and a 52 week high of $108.34. The stock’s 50-day moving average is $101.9 and its 200-day moving average is $100.7. The company has a market cap of $30.873 billion and a P/E ratio of 32.34.
Ecolab (NYSE:ECL) last announced its earnings results on Friday, February 21st. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, analysts predict that Ecolab will post $4.19 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ECL. Analysts at RBC Capital initiated coverage on shares of Ecolab in a research note on Friday, January 10th. They set an “outperform” rating on the stock. Analysts at Credit Suisse downgraded shares of Ecolab from an “outperform” rating to a “neutral” rating in a research note on Monday, January 6th. They now have a $112.00 price target on the stock, up previously from $100.00. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $106.62.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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