JPMorgan Chase & Co. Lowers Kimberly-Clark (NYSE:KMB) Price Target to $127.00

Kimberly-Clark (NYSE:KMB) had its target price cut by JPMorgan Chase & Co. from $144.00 to $127.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.21% from the company’s current price.

A number of other brokerages have also recently commented on KMB. UBS Group reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Evercore ISI dropped their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Monday, September 22nd. Piper Sandler dropped their price objective on Kimberly-Clark from $149.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Finally, Barclays dropped their price objective on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.00.

Kimberly-Clark Stock Performance

Shares of KMB opened at $119.57 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a 50-day simple moving average of $128.18 and a two-hundred day simple moving average of $132.05. The stock has a market cap of $39.67 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark has a 52 week low of $119.36 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 earnings per share. On average, analysts expect that Kimberly-Clark will post 7.5 EPS for the current year.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC boosted its stake in Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares during the last quarter. Tudor Financial Inc. boosted its stake in Kimberly-Clark by 3.8% during the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after buying an additional 75 shares during the last quarter. Empirical Finance LLC boosted its stake in Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock valued at $1,531,000 after buying an additional 76 shares during the last quarter. Hoge Financial Services LLC boosted its stake in Kimberly-Clark by 4.2% during the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after buying an additional 77 shares during the last quarter. Finally, Nwam LLC boosted its stake in Kimberly-Clark by 1.2% during the first quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.