Ecolab Inc. (ECL) Receives A$137.54 Consensus Target Price from Analysts
Shares of Ecolab Inc. (NYSE:ECL) have received an average rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is A$137.54 ($105.80).
ECL has been the subject of several analyst reports. Zacks Investment Research cut shares of Ecolab from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Canaccord Genuity boosted their target price on shares of Ecolab from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Deutsche Bank AG boosted their target price on shares of Ecolab from $132.00 to $134.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. UBS AG restated a “buy” rating and issued a $147.00 target price (up from $144.00) on shares of Ecolab in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $130.00 target price on shares of Ecolab in a research report on Thursday, August 3rd.
In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of A$130.63 ($100.48), for a total transaction of A$966,270.11 ($743,284.70). The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan bought 450 shares of Ecolab stock in a transaction on Monday, November 6th. The shares were acquired at an average cost of A$131.77 ($101.36) per share, for a total transaction of A$59,296.50 ($45,612.69). Following the completion of the acquisition, the director now directly owns 1,514 shares in the company, valued at A$199,499.78 ($153,461.37). The disclosure for this purchase can be found here.
A number of institutional investors and hedge funds have recently bought and sold shares of ECL. CWA Asset Management Group LLC grew its holdings in Ecolab by 14.3% during the 1st quarter. CWA Asset Management Group LLC now owns 13,483 shares of the company’s stock worth $1,690,000 after acquiring an additional 1,691 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Ecolab by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 6,444 shares of the company’s stock valued at $808,000 after purchasing an additional 58 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Ecolab in the 1st quarter valued at $254,000. Edgewood Management LLC boosted its stake in shares of Ecolab by 3.5% in the 1st quarter. Edgewood Management LLC now owns 3,396,018 shares of the company’s stock valued at $425,657,000 after purchasing an additional 115,601 shares during the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in shares of Ecolab by 5.2% in the 1st quarter. TimesSquare Capital Management LLC now owns 874,150 shares of the company’s stock valued at $109,566,000 after purchasing an additional 43,200 shares during the last quarter.
Ecolab (ECL) opened at A$130.30 ($100.23) on Monday. Ecolab has a 12-month low of A$113.50 ($87.31) and a 12-month high of A$134.89 ($103.76).
Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, October 31st. The company reported A$1.37 ($1.05) EPS for the quarter, beating the consensus estimate of A$1.36 ($1.05) by A$0.01 ($0.01). The company had revenue of A$3.56 billion during the quarter, compared to analysts’ expectations of A$3.55 billion. Ecolab had a net margin of 11.11% and a return on equity of 22.26%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS.
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Ecolab Company Profile
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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