Citigroup Upgrades Ecolab to Buy with Price Target $141.00

Brokerage firm Citigroup Upgrades its rating on Ecolab(NYSE:ECL). In a research note issued to the investors, the brokerage major Raises the price-target to $141.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Citigroup was issued on Aug 3, 2016.

In a different note, On Aug 3, 2016, Stifel Nicolaus said it Downgrades its rating on Ecolab. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, Citigroup said it Maintains its rating on Ecolab. In the research note, the firm Raises the price-target to $117.00 per share. The shares have been rated ‘Neutral’ by the firm.

Ecolab (ECL) shares turned negative on Fridays trading session with the shares closing down -0.7 points or -0.57% at a volume of 6,31,576. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $123.05. The peak price level was also seen at $123.05 while the days lowest was $122.18. Finally the shares closed at $122.45. The 52-week high of the shares is $123.44 while the 52-week low is $98.62. According to the latest information available, the market cap of the company is $35,706 M.

Ecolab(ECL) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.32B. Analysts had an estimated revenue of $3.33B. Earnings per share were $1.08. Analysts had estimated an EPS of $1.08.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Timothy P Mulhere (EVP & Regions President) sold 3,762 shares at $121.60 per share price.Also, On May 12, 2016, Bryan L Hughes (Sr. VP & Corporate Controller) sold 6,000 shares at $117.03 per share price.On May 6, 2016, Larry L Berger (Executive VP & CTO) sold 11,590 shares at $116.33 per share price, according to the Form-4 filing with the securities and exchange commission.

Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s 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 Company’s 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.

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