Seaport Global analyst Michael Harrison reiterated a Hold rating on Ecolab Inc (NYSE: ECL) on August 10 and set a price target of $150. The company’s shares closed on Friday at $146.86, close to its 52-week high of $150.46.
According to TipRanks.com, Harrison is a 4-star analyst with an average return of 13.7% and a 75.3% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, Air Products and Chemicals, and Axalta Coating Systems.
Currently, the analyst consensus on Ecolab Inc is a Moderate Buy with an average price target of $161.57, a 10.0% upside from current levels. In a report issued on August 1, J.P. Morgan also upgraded the stock to Hold with a $147 price target.
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The company has a one-year high of $150.46 and a one-year low of $125.74. Currently, Ecolab Inc has an average volume of 1.04M.
Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Christophe Beck, the EVP & Pres-Global Nalco Water of ECL sold 25,500 shares for a total of $3,769,589.
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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.
