Ecolab (NYSE:ECL) Receives New Coverage from Analysts at Piper Sandler

Equities researchers at Piper Sandler initiated coverage on shares of Ecolab (NYSE:ECLGet Free Report) in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $260.00 price target on the basic materials company’s stock. Piper Sandler’s price objective suggests a potential upside of 14.29% from the company’s current price.

Other analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Ecolab from $211.00 to $227.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Barclays upgraded shares of Ecolab from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $225.00 to $260.00 in a research report on Wednesday, February 28th. Wolfe Research started coverage on shares of Ecolab in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Mizuho upped their price objective on shares of Ecolab from $210.00 to $216.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $238.00 price objective on shares of Ecolab in a research report on Wednesday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $224.41.

Check Out Our Latest Report on ECL

Ecolab Stock Down 0.2 %

Shares of NYSE:ECL opened at $227.49 on Wednesday. The company has a market capitalization of $65.04 billion, a PE ratio of 47.49, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 0.95 and a debt-to-equity ratio of 0.94. Ecolab has a twelve month low of $156.72 and a twelve month high of $231.86. The firm has a 50 day simple moving average of $216.80 and a 200-day simple moving average of $194.50.

Ecolab (NYSE:ECLGet Free Report) last released its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Ecolab had a net margin of 8.96% and a return on equity of 19.36%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. Ecolab’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that Ecolab will post 6.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecolab

Institutional investors and hedge funds have recently made changes to their positions in the stock. United Bank grew its stake in Ecolab by 2.7% in the 1st quarter. United Bank now owns 4,149 shares of the basic materials company’s stock valued at $733,000 after acquiring an additional 111 shares during the last quarter. Cibc World Market Inc. grew its stake in Ecolab by 7.6% in the 1st quarter. Cibc World Market Inc. now owns 6,172 shares of the basic materials company’s stock valued at $1,090,000 after acquiring an additional 434 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Ecolab by 23.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,893 shares of the basic materials company’s stock valued at $334,000 after acquiring an additional 354 shares during the last quarter. Brighton Jones LLC grew its stake in Ecolab by 6.7% in the 1st quarter. Brighton Jones LLC now owns 1,707 shares of the basic materials company’s stock valued at $301,000 after acquiring an additional 107 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. grew its stake in Ecolab by 17.1% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 73,182 shares of the basic materials company’s stock valued at $12,920,000 after acquiring an additional 10,676 shares during the last quarter. 74.91% of the stock is owned by institutional investors and hedge funds.

About Ecolab

(Get Free Report)

Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. 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.

Further Reading

Analyst Recommendations for Ecolab (NYSE:ECL)

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