Wells Fargo Maintains Their Hold Rating on Kimberly Clark (KMB)
Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Kimberly Clark (KMB) yesterday and set a price target of $105. The company’s shares closed yesterday at $112.15.
According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.8% and a 62.2% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.
The word on The Street in general, suggests a Hold analyst consensus rating for Kimberly Clark with a $110 average price target, implying a -1.9% downside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a $114 price target.
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Based on Kimberly Clark’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.58 billion and net profit of $451 million. In comparison, last year the company earned revenue of $4.58 billion and had a net profit of $617 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional.