RBC Capital Remains a Buy on Ecolab (ECL)

RBC Capital analyst Ashish Sabadra maintained a Buy rating on Ecolab yesterday and set a price target of $337.00. The company’s shares closed yesterday at $261.13.

Claim 30% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Sabadra is a 4-star analyst with an average return of 2.3% and a 52.14% success rate. Sabadra covers the Financial sector, focusing on stocks such as TransUnion, Nasdaq, and S&P Global.

In addition to RBC Capital, Ecolab also received a Buy from Robert W. Baird’s Andrew Wittmann in a report issued today. However, yesterday, 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.