Ecolab (NYSE:ECL) Price Target Raised to $210.00 at Nomura

Ecolab (NYSE:ECL) had its target price upped by investment analysts at Nomura from $208.00 to $210.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Nomura’s price objective suggests a potential upside of 5.25% from the company’s current price.

Several other analysts also recently issued reports on the stock. UBS Group set a $202.00 price target on shares of Ecolab and gave the company a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research raised shares of Ecolab from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Citigroup lifted their price target on shares of Ecolab from $190.00 to $206.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Credit Suisse Group set a $181.00 price objective on Ecolab and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity raised their price objective on Ecolab from $198.00 to $222.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $188.73.

NYSE ECL traded up $2.80 during mid-day trading on Wednesday, hitting $199.53. The company’s stock had a trading volume of 35,736 shares, compared to its average volume of 992,202. The firm’s 50 day moving average price is $196.76. Ecolab has a twelve month low of $135.77 and a twelve month high of $209.24. The company has a quick ratio of 0.78, a current ratio of 1.18 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $57.55 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 2.71 and a beta of 0.84.

Ecolab (NYSE:ECL) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.01. Ecolab had a net margin of 10.12% and a return on equity of 19.81%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm posted $1.27 EPS. Ecolab’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Ecolab will post 5.92 earnings per share for the current fiscal year.

In other news, Director Leslie S. Biller sold 9,975 shares of Ecolab stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $195.01, for a total transaction of $1,945,224.75. Following the sale, the director now directly owns 49,164 shares in the company, valued at approximately $9,587,471.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victoria Reich sold 1,500 shares of Ecolab stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $199.25, for a total value of $298,875.00. Following the sale, the director now owns 20,987 shares in the company, valued at $4,181,659.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,650 shares of company stock worth $18,898,540. Company insiders own 1.52% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECL. Thoroughbred Financial Services LLC raised its stake in shares of Ecolab by 20,154.4% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 587,581 shares of the basic materials company’s stock worth $58,758,000 after purchasing an additional 584,680 shares during the period. BlackRock Inc. raised its stake in shares of Ecolab by 2.6% during the 1st quarter. BlackRock Inc. now owns 17,078,831 shares of the basic materials company’s stock worth $3,015,097,000 after purchasing an additional 437,110 shares during the period. FMR LLC raised its stake in shares of Ecolab by 186.7% during the 1st quarter. FMR LLC now owns 620,059 shares of the basic materials company’s stock worth $109,465,000 after purchasing an additional 403,800 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Ecolab by 59.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,083,150 shares of the basic materials company’s stock worth $191,220,000 after purchasing an additional 403,326 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Ecolab by 22.8% during the 1st quarter. California Public Employees Retirement System now owns 1,626,210 shares of the basic materials company’s stock worth $287,091,000 after purchasing an additional 301,789 shares during the period. Institutional investors own 75.30% of the company’s stock.

About Ecolab

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

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Analyst Recommendations for Ecolab (NYSE:ECL)

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