RBC Capital Reaffirms Their Buy Rating on Ecolab (ECL)
In a report released yesterday, Ashish Sabadra from RBC Capital reiterated a Buy rating on Ecolab, with a price target of $294.00. The company’s shares closed yesterday at $267.38.
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According to TipRanks, Sabadra is a 4-star analyst with an average return of 5.7% and a 59.59% success rate. Sabadra covers the Financial sector, focusing on stocks such as S&P Global, Intercontinental Exchange, and Cboe Global Markets.
Ecolab has an analyst consensus of Moderate Buy, with a price target consensus of $294.07, representing a 9.98% upside. In a report released on December 19, Citi also maintained a Buy rating on the stock with a $315.00 price target.
Based on Ecolab’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.17 billion and a net profit of $585 million. In comparison, last year the company earned a revenue of $4 billion and had a net profit of $736.5 million
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ECL in relation to earlier this year. Last month, Alexander A. De Boo, the EVP & PRES – GLOBAL MARKETS of ECL sold 1,422.00 shares for a total of $381,451.50.
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