Citigroup Lowers Kimberly-Clark (NASDAQ:KMB) Price Target to $90.00

Kimberly-Clark (NASDAQ:KMB) had its target price decreased by equities researchers at Citigroup from $95.00 to $90.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup’s target price would suggest a potential downside of 10.33% from the stock’s previous close.

A number of other analysts have also recently commented on KMB. UBS Group lowered their price objective on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Barclays set a $132.00 price target on Kimberly-Clark in a report on Monday, November 3rd. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Evercore ISI reiterated an “in-line” rating and issued a $120.00 price objective (down from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $120.00.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $100.37 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $33.31 billion, a P/E ratio of 16.98, a PEG ratio of 3.80 and a beta of 0.26. The business has a 50-day moving average of $102.55 and a 200-day moving average of $117.79. Kimberly-Clark has a 1 year low of $96.26 and a 1 year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. Kimberly-Clark’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. On average, equities analysts anticipate that Kimberly-Clark will post 7.5 EPS for the current year.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently bought and sold shares of KMB. Investment Research & Advisory Group Inc. bought a new stake in shares of Kimberly-Clark in the second quarter worth $25,000. Cloud Capital Management LLC bought a new stake in Kimberly-Clark during the 3rd quarter worth about $25,000. True Wealth Design LLC boosted its stake in shares of Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of Kimberly-Clark by 989.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after buying an additional 188 shares during the last quarter. Finally, Winnow Wealth LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.