Ecolab (ECL) Receives Price Target

Ecolab (ECL) : The highest short term price target forecast on Ecolab (ECL) is $135 and the lowest target price is $98. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $124.56 with a standard deviation of $11.82.

Ecolab (ECL) : Zacks Investment Research ranks Ecolab (ECL) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.14, which indicates as a Buy.


Also, Macquarie initiates coverage on Ecolab (NYSE:ECL). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Macquarie announces a current price target of $143 per share. The rating by the firm was issued on August 25, 2016.

Ecolab (NYSE:ECL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $122.74 and $121.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $123.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $123.10, notching a gain of 0.04% for the day. The total traded volume was 864,788 . The stock had closed at $123.05 on the previous day.

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.

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