Nomura Increases Ecolab (ECL) Price Target to $153.00

Ecolab (NYSE:ECL) had its price target boosted by stock analysts at Nomura from $146.00 to $153.00 in a research note issued on Monday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Nomura’s target price indicates a potential upside of 4.05% from the company’s previous close.

Several other brokerages have also recently issued reports on ECL. Zacks Investment Research cut Ecolab from a “buy” rating to a “hold” rating in a report on Monday, April 30th. Credit Suisse Group upped their target price on Ecolab from $137.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, May 2nd. Citigroup restated an “outperform” rating and issued a $141.00 target price on shares of Ecolab in a report on Monday, May 7th. Canaccord Genuity set a $155.00 target price on Ecolab and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, JPMorgan Chase & Co. upgraded Ecolab from an “underweight” rating to a “neutral” rating in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Ecolab currently has an average rating of “Hold” and a consensus target price of $146.59.

Shares of NYSE:ECL opened at $147.04 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.27 and a quick ratio of 0.84. The firm has a market capitalization of $42.43 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.14 and a beta of 0.95. Ecolab has a 52-week low of $125.74 and a 52-week high of $150.46.



Ecolab (NYSE:ECL) last issued its earnings results on Tuesday, July 31st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.27. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ecolab had a return on equity of 18.96% and a net margin of 10.83%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.13 EPS. equities analysts expect that Ecolab will post 5.38 earnings per share for the current fiscal year.

In other Ecolab news, Director David Maclennan purchased 500 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were acquired at an average price of $146.40 per share, with a total value of $73,200.00. Following the purchase, the director now directly owns 2,128 shares in the company, valued at approximately $311,539.20. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Roberto Inchaustegui sold 10,600 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $145.71, for a total value of $1,544,526.00. Following the completion of the transaction, the executive vice president now directly owns 33,202 shares in the company, valued at approximately $4,837,863.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,800 shares of company stock worth $6,308,471. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in ECL. Highland Capital Management LP acquired a new position in Ecolab during the 2nd quarter worth about $210,000. Flagship Harbor Advisors LLC acquired a new position in Ecolab during the 2nd quarter worth about $139,000. Tuttle Tactical Management acquired a new position in Ecolab during the 2nd quarter worth about $269,000. Morgan Stanley lifted its stake in Ecolab by 36.1% during the 2nd quarter. Morgan Stanley now owns 2,797,769 shares of the basic materials company’s stock worth $392,612,000 after acquiring an additional 742,376 shares in the last quarter. Finally, Luminus Management LLC acquired a new position in Ecolab during the 2nd quarter worth about $10,037,000. 76.38% of the stock is currently owned by institutional investors and hedge funds.

Ecolab Company Profile

Ecolab Inc provides water, hygiene, and energy technologies and services for customers worldwide. The company operates through Global Industrial, Global Institutional, and Global Energy segments. The Global Industrial segment provides water treatment and process applications, and cleaning and sanitizing solutions primarily to large industrial customers within the manufacturing, food and beverage processing, chemical, mining and primary metals, power generation, pulp and paper, and commercial laundry industries.

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Analyst Recommendations for Ecolab (NYSE:ECL)

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