Macquarie Research indicated Ecolab (NYSE:ECL) as 'Outperform' With 143 PT

Cheryl Sanders
August 31, 2016

As per the research groups listed in Thomson Reuters survey, Ecolab Inc. (NYSE:ECL) Cleaning Products on its PE ratio displays a value of 38.36 with a Forward PE of 24.49. The consensus price target (PT) of $125.63 means that the market expects Company shares to increase by 3.22% in the short run.

On 8/25/2016, Macquarie reported about Ecolab (NYSE:ECL) maintained the target price at $0.00 that indicated a possible downside of -1.00%. Ecolab was Downgraded by Stifel to " Hold" on Aug 3, 2016. At present, 1 analysts recommended Selling these shares while 6 recommended Hold, according to FactSet data. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Baker Douglas M Jr retains 527,704 shares in the stock after this transaction. The shares were sold at an average price of $122.41, for a total transaction of $3,158,178.00. They now own 225.07 million shares or 0.81% more from 223.26 million shares in 2015Q4. The disclosure for this sale can be found here.

Ecolab Inc. (NYSE:ECL) is valued at US$35.73 Billion and has recently risen 0.11% to US$122.93. Agran Libbie added ECL to its portfolio by purchasing 1,807 company shares during the most recent quarter which is valued at $215,412. The 52 week high shares of Ecolab have reached is 124.11 whilst the 52 week low for the company's shares is 98.62. The stock had closed at $122.26 in the previous days trading.

The company has a 50 day moving average of 121.07 and a 200 day moving average of 115.15.

So how did ECL's earnings announcements affect its stock price in the past few quarters?

Earnings Roundup: In the last fiscal quarter alone, Ecolab Inc. generated almost $3.32B in sales and net income of $1.08/share. Revenue for the same quarter is predicted to arrive at $3.49B. For the prior quarter revenue for the stock hit $3.1B, with EPS at $0.77. This represents a $1.40 dividend on an annualized basis and a yield of 1.14%.

Ecolab has 291,595,000 shares in issue which have a share price of 123 giving Ecolab a market capitalisation of 35.87B Dollars. The latest target price implies a possible upside of 0.16% from the company's last closing price.

Macquarie is a brokerage house chasing shares of Ecolab Inc.

14 analysts are covering Ecolab (ECL) and their average rating on the stock is 2.14, which is read as a Buy. 11 analysts have rated the company as a strong "Hold". 65 funds bought stakes while 313 increased positions. Bartlett & Co. LLC raised its position in Ecolab by 2.0% in the second quarter. Now shares have been rated as "Buy" from 1 Analysts. The company's net profit margin has achieved the current level of 8.8% and possesses 48.1% gross margin. Ecolab makes up approx 0.05% of Agran Libbie's portfolio. A Chairman and CEO at Ecolab Inc. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units.

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