Ecolab (ECL): New Buy Recommendation for This Basic Materials Giant
Ecolab received a Buy rating and a $326.00 price target from Berenberg Bank analyst on March 13. The company’s shares closed last Friday at $274.18.
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Currently, the analyst consensus on Ecolab is a Moderate Buy with an average price target of $326.06, implying a 18.92% upside from current levels. In a report released yesterday, TipRanks – xAI also reiterated a Buy rating on the stock with a $310.00 price target.
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 117 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.
Read More on ECL:
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- Ecolab: Near-Term Margin Pressure but Strengthening Long-Term Pricing Power Supports Buy Rating
- Ecolab to implement 10%-14% energy surcharge
- Ecolab Restructures Leadership, Splits Chief Operating Role
- Ecolab’s Operational Safety Risks Pose Potential Legal, Financial, and Reputational Fallout
- Ecolab Director Victoria Reich to Step Down
