Analysts fell to the sidelines weighing in on Ecolab Inc (ECL) and Top Image Systems (TISA) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Ecolab Inc (ECL)
Oppenheimer analyst Scott Schneeberger assigned a Hold rating to Ecolab Inc today. The company’s shares closed yesterday at $159.18, close to its 52-week high of $162.91.
According to TipRanks.com, Schneeberger is a 5-star analyst with an average return of 7.8% and a 62.5% success rate. Schneeberger covers the Services sector, focusing on stocks such as General Finance, XPO Logistics, and United Parcel.
The the analyst consensus on Ecolab Inc is currently a Hold rating.
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Top Image Systems (TISA)
Top Image Systems received a Hold rating and a $0.86 price target from H.C. Wainwright analyst Kevin Dede today. The company’s shares closed yesterday at $0.83.
Dede observed:
“We are not eliminating our estimates completely with the publication of this note should the deal fail to materialize, but note that TIS has not yet formally reported its September 2018 quarter. Lowering rating to Neutral and PT to $0.86. Our new $0.86 target represents the exact offer price Kofax has presented a per share basis and total consideration of approximately $15.7M. Risks to achieving our price target include: (1) the Kofax deal falls through for unspecified reasons; (2) the continued effects of currency changes; (3) limited scale and meager financial resources in a highly competitive market; and, (4) other risks outlined in the company’s formal SEC filings. For definitions and the distribution of analyst ratings, analyst certifications, and other disclosures, please refer to pages 4 – 5 of this report.”
According to TipRanks.com, Dede ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -14.2% and a 28.9% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.
Top Image Systems has an analyst consensus of Hold, with a price target consensus of $0.88, representing a 6.0% upside. In a report released yesterday, Roth Capital also downgraded the stock to Hold with a $0.88 price target.
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