Ecolab (NYSE:ECL) Upgraded to “Buy” at Mizuho

Ecolab (NYSE:ECLGet Free Report) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a $260.00 price objective on the basic materials company’s stock, up from their prior price objective of $216.00. Mizuho’s target price suggests a potential upside of 17.78% from the stock’s current price.

Several other equities research analysts have also recently weighed in on ECL. Seaport Res Ptn cut Ecolab from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Wolfe Research started coverage on Ecolab in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $238.00 price objective on shares of Ecolab in a research note on Tuesday. JPMorgan Chase & Co. downgraded Ecolab from an “overweight” rating to a “neutral” rating and upped their target price for the company from $200.00 to $220.00 in a report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their price objective on Ecolab from $240.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Ecolab currently has an average rating of “Hold” and an average target price of $230.47.

View Our Latest Research Report on Ecolab

Ecolab Stock Down 0.6 %

Ecolab stock opened at $220.75 on Friday. The firm has a 50 day moving average price of $221.05 and a two-hundred day moving average price of $197.02. The firm has a market cap of $63.11 billion, a price-to-earnings ratio of 46.09, a PEG ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.95 and a current ratio of 1.30. Ecolab has a 52-week low of $156.72 and a 52-week high of $231.86.

Ecolab (NYSE:ECLGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. Ecolab had a net margin of 8.96% and a return on equity of 19.36%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. Equities analysts predict that Ecolab will post 6.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ECL. First Personal Financial Services acquired a new stake in Ecolab during the fourth quarter worth about $26,000. Hexagon Capital Partners LLC lifted its position in shares of Ecolab by 150.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 135 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Ecolab in the second quarter valued at approximately $25,000. Motco purchased a new position in Ecolab during the fourth quarter worth approximately $28,000. Finally, Fortitude Family Office LLC purchased a new position in Ecolab during the fourth quarter worth approximately $29,000. 74.91% of the stock is currently owned by hedge funds and other institutional investors.

Ecolab Company Profile

(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.

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