Ecolab (ECL) : 16 analysts are covering Ecolab (ECL) and their average rating on the stock is 2.13, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ecolab (ECL) : The highest short term price target forecast on Ecolab (ECL) is $136 and the lowest target price is $115. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $127.4 with a standard deviation of $7.85.
For the current week, the company shares have a recommendation consensus of Buy. Ecolab (NYSE:ECL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $122.94 and $122.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $123.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $123.15, notching a gain of 0.24% for the day. The total traded volume was 481,912 . The stock had closed at $122.86 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Mulhere Timothy P, officer (EVP & Regions President) of Ecolab Inc., had unloaded 3,762 shares at an average price of $121.6 in a transaction dated on June 8, 2016. The total value of the transaction was worth $457,459.
Ecolab Inc. provides water, hygiene and energy technologies and services. 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. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.