Kimberly Clark Corp Downgraded by Argus to “Hold” (KMB)
Kimberly Clark Corp (NYSE:KMB) was downgraded by Argus from a “buy” rating to a “hold” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on KMB. Analysts at S&P Equity Research downgraded shares of Kimberly Clark Corp to a “sell” rating in a research note on Thursday, April 24th. Analysts at Zacks reiterated a “neutral” rating on shares of Kimberly Clark Corp in a research note on Wednesday, April 23rd. They now have a $114.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Kimberly Clark Corp presently has an average rating of “Hold” and a consensus price target of $104.60.
Kimberly Clark Corp (NYSE:KMB) opened at 111.06 on Monday. Kimberly Clark Corp has a 52 week low of $91.44 and a 52 week high of $113.09. The stock’s 50-day moving average is $110.4 and its 200-day moving average is $108.1. The company has a market cap of $41.846 billion and a P/E ratio of 19.85.
Kimberly Clark Corp (NYSE:KMB) last issued its quarterly earnings data on Monday, April 21st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Kimberly Clark Corp will post $6.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.03%. The ex-dividend date is Wednesday, June 4th.
Kimberly-Clark Corporation (NYSE:KMB), incorporated on June 29, 1928, is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers.
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