Citigroup Cuts Kimberly-Clark (NASDAQ:KMB) Price Target to $95.00

Kimberly-Clark (NASDAQ:KMB) had its price target cut by analysts at Citigroup from $100.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup’s price objective would indicate a potential downside of 7.68% from the stock’s previous close.

A number of other analysts have also recently weighed in on KMB. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. BNP Paribas reiterated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a research report on Monday, December 1st. Wells Fargo & Company cut their price objective on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Barclays set a $132.00 target price on shares of Kimberly-Clark in a report on Monday, November 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $124.62.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB traded up $0.36 during mid-day trading on Wednesday, hitting $102.90. The company had a trading volume of 5,316,611 shares, compared to its average volume of 3,058,603. Kimberly-Clark has a 12 month low of $99.22 and a 12 month high of $150.45. The firm has a market cap of $34.15 billion, a P/E ratio of 17.41, a PEG ratio of 3.79 and a beta of 0.25. The business’s 50-day simple moving average is $109.73 and its 200-day simple moving average is $122.53. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56.

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

Hedge Funds Weigh In On Kimberly-Clark

A number of institutional investors have recently made changes to their positions in KMB. CTC Alternative Strategies Ltd. bought a new position in shares of Kimberly-Clark during the 3rd quarter valued at $945,000. Saranac Partners Ltd bought a new position in shares of Kimberly-Clark during the third quarter valued at about $150,000. IFP Advisors Inc increased its holdings in shares of Kimberly-Clark by 25.2% in the third quarter. IFP Advisors Inc now owns 12,037 shares of the company’s stock worth $1,523,000 after buying an additional 2,423 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Kimberly-Clark by 5.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 178,929 shares of the company’s stock valued at $22,248,000 after acquiring an additional 8,559 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Kimberly-Clark by 0.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 35,355 shares of the company’s stock valued at $4,396,000 after acquiring an additional 184 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.