RBC Capital analyst Nik Modi maintained a Hold rating on Kimberly Clark (KMB) yesterday and set a price target of $158.00. The company’s shares closed last Tuesday at $148.52.
According to TipRanks.com, Modi is a 5-star analyst with an average return of 8.6% and a 68.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Spectrum Brands Holdings.
Currently, the analyst consensus on Kimberly Clark is a Moderate Buy with an average price target of $162.70, a 6.8% upside from current levels. In a report issued on October 8, Deutsche Bank also maintained a Hold rating on the stock with a $151.00 price target.
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Kimberly Clark’s market cap is currently $52.29B and has a P/E ratio of 20.60. The company has a Price to Book ratio of -46.15.
Based on the recent corporate insider activity of 40 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 KMB in relation to earlier this year.
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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 (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products. The Consumer Tissue segment produces and sells facial and bathroom tissue, paper towels, napkins, and related products for household use. The K-C Professional segment supplies workplace supporting products such as wipers, tissue, towels, apparel, soaps, and sanitizers. The firm’s brands include Depend, Huggies, Kleenex, Kotex, and Scott. The company was founded by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Frank C. Shattuck in 1872 and is headquartered in Irving, TX.
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