Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

BMO Capital Keeps Their Buy Rating on Ecolab (ECL)

Tipranks - Tue Mar 24, 6:31AM CDT

In a report released today, John McNulty from BMO Capital reiterated a Buy rating on Ecolab, with a price target of $345.00.

Claim 30% Off TipRanks Premium

According to TipRanks, McNulty is a 4-star analyst with an average return of 2.5% and a 49.50% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Dow Inc, and Ecolab.

In addition to BMO Capital, Ecolab also received a Buy from TipRanks – OpenAI’s OpenAI Chemicals – Specialty in a report issued today. 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 116 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.

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.