Barclays analyst Manav Patnaik maintained a Buy rating on Ecolab (ECL) yesterday and set a price target of $225.00. The company’s shares closed last Wednesday at $197.58, close to its 52-week high of $211.24.
According to TipRanks.com, Patnaik is a top 100 analyst with an average return of 14.2% and a 71.8% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events, Laureate Education, and Nielsen Holdings.
Currently, the analyst consensus on Ecolab is a Hold with an average price target of $185.33, representing a -6.3% downside. In a report released yesterday, Argus Research also maintained a Buy rating on the stock with a $230.00 price target.
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Ecolab’s market cap is currently $57.13B and has a P/E ratio of 37.10. The company has a Price to Book ratio of -25.52.
Based on the recent corporate insider activity of 119 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ECL in relation to earlier this year. Most recently, in February 2020, Jill Wyant, the EVP & Pres – Global Regions of ECL sold 101,891 shares for a total of $20,555,097.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 and Global Energy. The Global Industrial segment consists of the water, food and beverage, paper, life sciences and textile care operating segments. It offers water treatment and process applications, and cleaning and sanitizing solutions, primarily to large industrial customers within the manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, pulp and paper, pharmaceutical and commercial laundry industries. The Global Institutional segment consists of the institutional, specialty and healthcare operating segments. It provides specialized cleaning and sanitizing products to the foodservice, hospitality, lodging, healthcare, government, education and retail industries. The Global Energy segment serves the process chemicals and water treatment needs of the global petroleum and petrochemical industries in both upstream and downstream applications. The company was founded by Merritt J. Osborn in 1923 and is headquartered in St. Paul, MN.
