Ecolab Inc. (ECL) Stock Rating Reaffirmed by UBS AG
Ecolab Inc. (NYSE:ECL)‘s stock had its “buy” rating reiterated by equities research analysts at UBS AG in a research report issued on Wednesday. They presently have a $147.00 price target on the basic materials company’s stock, up from their previous price target of $144.00. UBS AG’s price objective indicates a potential upside of 10.84% from the stock’s current price.
A number of other research firms also recently issued reports on ECL. J P Morgan Chase & Co raised shares of Ecolab from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $138.00 in a research report on Friday, May 26th. Canaccord Genuity reissued a “buy” rating and set a $135.00 target price on shares of Ecolab in a research report on Monday, May 1st. Zacks Investment Research downgraded shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $141.00 target price (up previously from $133.00) on shares of Ecolab in a research report on Friday, June 2nd. Finally, Deutsche Bank AG increased their target price on shares of Ecolab from $132.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $133.43.
Ecolab (NYSE:ECL) traded down 0.08% on Wednesday, hitting $132.51. 118,645 shares of the stock traded hands. The firm’s 50-day moving average price is $132.62 and its 200-day moving average price is $127.25. Ecolab has a 12-month low of $110.65 and a 12-month high of $134.89. The stock has a market cap of $38.40 billion, a price-to-earnings ratio of 30.29 and a beta of 0.98.
Ecolab (NYSE:ECL) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.40 billion. Ecolab had a net margin of 9.66% and a return on equity of 18.93%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, equities research analysts anticipate that Ecolab will post $4.80 EPS for the current fiscal year.
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In other news, SVP Bruno Lavandier sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $133.52, for a total transaction of $133,520.00. Following the completion of the transaction, the senior vice president now directly owns 8,922 shares in the company, valued at approximately $1,191,265.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christophe Beck sold 6,959 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $127.11, for a total value of $884,558.49. Following the transaction, the executive vice president now owns 42,419 shares of the company’s stock, valued at $5,391,879.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,810 shares of company stock valued at $5,897,361. Company insiders own 1.49% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in Ecolab by 60.0% in the first quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 800 shares of the basic materials company’s stock valued at $100,000 after buying an additional 300 shares during the period. JNBA Financial Advisors boosted its position in Ecolab by 2.5% in the first quarter. JNBA Financial Advisors now owns 871 shares of the basic materials company’s stock valued at $109,000 after buying an additional 21 shares during the period. Harfst & Associates Inc. acquired a new position in Ecolab during the first quarter valued at approximately $117,000. Guardian Life Insurance Co. of America boosted its position in Ecolab by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Ecolab during the first quarter valued at approximately $134,000. Institutional investors own 75.84% of the company’s stock.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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