New Buy Rating for Ecolab (ECL), the Basic Materials Giant
RBC Capital analyst Ashish Sabadra maintained a Buy rating on Ecolab on February 23 and set a price target of $337.00. The company’s shares closed yesterday at $305.67.
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Sabadra covers the Financial sector, focusing on stocks such as MSCI, Nasdaq, and TransUnion. According to TipRanks, Sabadra has an average return of 3.1% and a 53.36% success rate on recommended stocks.
In addition to RBC Capital, Ecolab also received a Buy from TipRanks – OpenAI’s OpenAI Chemicals – Specialty in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Ecolab (NYSE: ECL).
Based on Ecolab’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.2 billion and a net profit of $563.9 million. In comparison, last year the company earned a revenue of $4.01 billion and had a net profit of $472.9 million
Based on the recent corporate insider activity of 115 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. Earlier this month, Nicholas J. Alfano, the EVP & PRES – GLOBAL WATER of ECL sold 9,501.00 shares for a total of $2,884,313.58.
Read More on ECL:
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- Ecolab’s Operational Safety Risks Pose Potential Legal, Financial, and Reputational Fallout
- Ecolab Director Victoria Reich to Step Down
- Ecolab price target raised to $312 from $300 at Evercore ISI
- Ecolab price target raised to $325 from $285 at Deutsche Bank
- Ecolab price target raised to $345 from $323 at BMO Capital
