Ecolab (ECL): New Buy Recommendation for This Basic Materials Giant

In a report released today, Shlomo Rosenbaum from Stifel Nicolaus maintained a Buy rating on Ecolab, with a price target of $337.00.

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According to TipRanks, Rosenbaum is a 4-star analyst with an average return of 4.4% and a 53.85% success rate. Rosenbaum covers the Financial sector, focusing on stocks such as S&P Global, Moody’s, and Factset Research.

In addition to Stifel Nicolaus, Ecolab also received a Buy from Barclays’s Manav Patnaik in a report issued on March 3. However, on February 26, 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 118 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, Cook Gregory B, the EVP & PRES – INST GROUP of ECL sold 3,519.00 shares for a total of $1,070,655.75.