Smarter Analyst

Wells Fargo Reaffirms Their Hold Rating on Kimberly Clark (KMB)

Wells Fargo analyst Bonnie Herzog maintained a Hold rating on Kimberly Clark (KMB) today and set a price target of $132.00. The company’s shares closed last Monday at $129.52.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 4.5% and a 64.9% 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 Moderate Buy analyst consensus rating for Kimberly Clark with a $143.40 average price target, which is a 4.7% upside from current levels. In a report issued on October 8, Morgan Stanley also maintained a Hold rating on the stock with a $149.00 price target.

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The company has a one-year high of $143.50 and a one-year low of $100.32. Currently, Kimberly Clark has an average volume of 1.68M.

Based on the recent corporate insider activity of 52 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.