Ecolab (ECL) PT Raised to $146.00

Ecolab (NYSE:ECL) had its price target upped by research analysts at Nomura from $136.00 to $146.00 in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the basic materials company’s stock. Nomura’s target price would indicate a potential upside of 4.81% from the company’s previous close.

Several other research analysts have also recently commented on ECL. Canaccord Genuity set a $145.00 target price on shares of Ecolab and gave the stock a “buy” rating in a research report on Monday, March 12th. Zacks Investment Research upgraded shares of Ecolab from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research report on Tuesday, March 20th. BMO Capital Markets initiated coverage on shares of Ecolab in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $151.00 target price for the company. ValuEngine upgraded shares of Ecolab from a “hold” rating to a “buy” rating in a research report on Tuesday, April 17th. Finally, Credit Suisse Group set a $137.00 target price on shares of Ecolab and gave the stock a “hold” rating in a research report on Friday, April 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $145.44.

Shares of NYSE:ECL traded up $0.97 during trading on Thursday, reaching $139.30. 19,364 shares of the company’s stock traded hands, compared to its average volume of 1,139,030. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 0.83. Ecolab has a 12 month low of $125.74 and a 12 month high of $150.46. The company has a market cap of $39.94 billion, a PE ratio of 29.74, a P/E/G ratio of 2.03 and a beta of 0.98.

Ecolab (NYSE:ECL) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Ecolab had a net margin of 10.62% and a return on equity of 19.01%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts forecast that Ecolab will post 5.39 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its stake in Ecolab by 4.2% during the first quarter. Stratos Wealth Partners LTD. now owns 9,105 shares of the basic materials company’s stock valued at $1,248,000 after purchasing an additional 366 shares during the last quarter. Cannell Peter B & Co. Inc. lifted its stake in Ecolab by 2.9% during the first quarter. Cannell Peter B & Co. Inc. now owns 13,545 shares of the basic materials company’s stock valued at $1,857,000 after purchasing an additional 380 shares during the last quarter. Rational Advisors LLC lifted its stake in Ecolab by 24.5% during the first quarter. Rational Advisors LLC now owns 1,934 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 380 shares during the last quarter. M Holdings Securities Inc. lifted its stake in Ecolab by 5.9% during the fourth quarter. M Holdings Securities Inc. now owns 7,591 shares of the basic materials company’s stock valued at $476,000 after purchasing an additional 422 shares during the last quarter. Finally, GW Henssler & Associates Ltd. lifted its stake in Ecolab by 0.4% during the first quarter. GW Henssler & Associates Ltd. now owns 95,957 shares of the basic materials company’s stock valued at $13,153,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

About Ecolab

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

Analyst Recommendations for Ecolab (NYSE:ECL)

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