Ecolab Receives Consensus Rating of “Buy” from Analysts (NYSE:ECL)
Ecolab (NYSE:ECL) has earned an average rating of “Buy” from the twelve analysts that are currently covering the stock, StockRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $121.08.
Ecolab (NYSE:ECL) opened at 113.66 on Thursday. Ecolab has a one year low of $90.47 and a one year high of $114.19. The stock has a 50-day moving average of $110.4 and a 200-day moving average of $107.7. The company has a market cap of $34.056 billion and a price-to-earnings ratio of 31.90.
Ecolab (NYSE:ECL) last announced its earnings results on Tuesday, July 29th. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.02 by $0.01. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company posted $0.86 earnings per share. Ecolab’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Ecolab will post $4.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 12th.
A number of analysts have recently weighed in on ECL shares. Analysts at JPMorgan Chase & Co. upgraded shares of Ecolab from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 31st. They now have a $118.00 price target on the stock, up previously from $105.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ecolab in a research note on Wednesday, July 30th. They now have a $122.00 price target on the stock, up previously from $120.00. Finally, analysts at Longbow Research reiterated a “buy” rating on shares of Ecolab in a research note on Wednesday, July 30th. They now have a $130.00 price target on the stock, up previously from $125.00.
Ecolab Inc (NYSE:ECL) develops and markets products and services for the hospitality, foodservice, healthcare and industrial markets.
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