Kimberly Clark (KMB) Gets a Buy from Evercore ISI

Evercore ISI analyst Javier Escalante maintained a Buy rating on Kimberly Clark (KMB – Research Report) yesterday and set a price target of $155.00. The company’s shares closed yesterday at $133.40.

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Escalante covers the Consumer Defensive sector, focusing on stocks such as Kimberly Clark, Church & Dwight, and Clorox. According to TipRanks, Escalante has an average return of 2.1% and an 82.35% success rate on recommended stocks.

In addition to Evercore ISI, Kimberly Clark also received a Buy from Piper Sandler’s Korinne Wolfmeyer in a report issued yesterday. However, on the same day, Morgan Stanley maintained a Hold rating on Kimberly Clark (NYSE: KMB).

Based on Kimberly Clark’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.84 billion and a net profit of $0. In comparison, last year the company earned a revenue of $5.15 billion and had a net profit of $647 million

Based on the recent corporate insider activity of 53 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 KMB in relation to earlier this year. Last month, Andrew Drexler, the VP & Controller of KMB sold 10,838.00 shares for a total of $1,528,158.00.