Ecolab (NYSE:ECL) Rating Increased to Outperform at Credit Suisse Group

Ecolab (NYSE:ECLGet Rating) was upgraded by Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report released on Friday, The Fly reports. The brokerage currently has a $195.00 price target on the basic materials company’s stock, up from their previous price target of $180.00. Credit Suisse Group’s target price points to a potential upside of 12.63% from the company’s current price.

ECL has been the subject of several other research reports. Edward Jones raised shares of Ecolab from a “hold” rating to a “buy” rating in a research note on Thursday, March 17th. JPMorgan Chase & Co. raised shares of Ecolab from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $191.00 to $190.00 in a report on Wednesday, April 27th. Atlantic Securities assumed coverage on shares of Ecolab in a report on Tuesday, April 5th. They set an “overweight” rating and a $210.00 price objective on the stock. Argus cut their target price on shares of Ecolab from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Mizuho cut their target price on shares of Ecolab from $210.00 to $198.00 in a report on Wednesday, April 27th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Ecolab has an average rating of “Buy” and an average target price of $203.88.

NYSE:ECL opened at $173.13 on Friday. The company has a fifty day moving average of $170.92 and a two-hundred day moving average of $192.55. The stock has a market capitalization of $49.45 billion, a PE ratio of 45.09, a P/E/G ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.83 and a current ratio of 1.27. Ecolab has a fifty-two week low of $154.31 and a fifty-two week high of $238.93.

Ecolab (NYSE:ECLGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Ecolab had a net margin of 8.45% and a return on equity of 19.35%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period last year, the business earned $0.81 earnings per share. Ecolab’s revenue was up 13.2% compared to the same quarter last year. Research analysts forecast that Ecolab will post 5.19 earnings per share for the current year.

In other news, Director David Maclennan purchased 600 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $171.01 per share, with a total value of $102,606.00. Following the purchase, the director now directly owns 11,351 shares of the company’s stock, valued at $1,941,134.51. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tracy B. Mckibben acquired 1,475 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The stock was bought at an average cost of $170.00 per share, for a total transaction of $250,750.00. Following the completion of the purchase, the director now directly owns 6,746 shares in the company, valued at approximately $1,146,820. The disclosure for this purchase can be found here. Company insiders own 1.04% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECL. Arlington Partners LLC grew its holdings in shares of Ecolab by 13.0% during the 4th quarter. Arlington Partners LLC now owns 469 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 54 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in Ecolab by 28.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 245 shares of the basic materials company’s stock valued at $58,000 after buying an additional 54 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Ecolab by 10.5% in the 4th quarter. Capital Advisors Ltd. LLC now owns 580 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 55 shares during the last quarter. Private Trust Co. NA raised its position in Ecolab by 2.9% in the 1st quarter. Private Trust Co. NA now owns 2,047 shares of the basic materials company’s stock valued at $361,000 after purchasing an additional 57 shares during the last quarter. Finally, Chicago Capital LLC raised its position in Ecolab by 0.7% in the 4th quarter. Chicago Capital LLC now owns 8,990 shares of the basic materials company’s stock valued at $2,109,000 after purchasing an additional 59 shares during the last quarter. 75.04% of the stock is currently owned by hedge funds and other institutional investors.

Ecolab Company Profile (Get Rating)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.

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