Evercore ISI Sticks to Its Hold Rating for Kimberly Clark (KMB)
In a report released today, Javier Escalante from Evercore ISI maintained a Hold rating on Kimberly Clark, with a price target of $115.00.
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Escalante covers the Consumer Defensive sector, focusing on stocks such as Clorox, Kimberly Clark, and e.l.f. Beauty. According to TipRanks, Escalante has an average return of -1.8% and a 45.16% success rate on recommended stocks.
In addition to Evercore ISI, Kimberly Clark also received a Hold from Deutsche Bank ‘s Stephen Powers in a report issued today. However, on the same day, Bank of America Securities reiterated a Buy rating on Kimberly Clark (NASDAQ: KMB).
Based on Kimberly Clark’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.19 billion and a net profit of $345 million. In comparison, last year the company earned a revenue of $4.16 billion and had a net profit of $509 million
Based on the recent corporate insider activity of 30 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.
Read More on KMB:
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- Kimberly-Clark price target raised to $104 from $96 at TD Cowen
- Kimberly-Clark price target raised to $116 from $115 at UBS
- Kimberly-Clark price target raised to $112 from $106 at Deutsche Bank
- Kimberly-Clark price target raised to $122 from $120 at BofA
- Robert Moskow Raises Kimberly-Clark Price Target to $104 but Maintains Hold Amid Near-Term Volatility and Operational Challenges
