Ecolab (ECL) has an average broker rating of 2.23, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Ecolab (ECL) stock is expected to deviate a maximum of $11.82 from the average target price of $124.56 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $135 and the most muted being $98.
Also, Macquarie initiates coverage on Ecolab (NYSE:ECL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $143 per share. The rating by the firm was issued on August 25, 2016.
Ecolab (NYSE:ECL): After opening at $117.3, the stock dipped to an intraday low of $117.02 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $118.43 and the buying power remained strong till the end. The stock closed at $118.08 for the day, a gain of 0.47% for the day session. The total traded volume was 655,759. The stocks close on the previous trading day was $117.53.
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.