In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on Ecolab Inc (ECL), with a price target of $210. The company’s shares closed yesterday at $159.18, close to its 52-week high of $162.91.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 6.6% and a 61.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Mueller Water Products, and AO Smith Corp.
Ecolab Inc has an analyst consensus of Hold.
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Based on Ecolab Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $435 million. In comparison, last year the company had a net profit of $566 million.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Douglas M. Baker, the Chairman & CEO of ECL sold 40,025 shares for a total of $6,411,605.
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Ecolab, Inc. engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional, Global Energy, and Other.