Ecolab (ECL) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 135 from a previous price target of $126 . Canaccord Genuity advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on Ecolab. Ecolab was Upgraded by Citigroup to ” Buy” on Aug 3, 2016. Ecolab was Downgraded by Stifel to ” Hold” on Aug 3, 2016.
On the company’s financial health, Ecolab reported $1.08 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $1.08. The company had revenue of $3317.00 million for the quarter, compared to analysts expectations of $3326.45 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Ecolab opened for trading at $119.38 and hit $122.82 on the upside on Tusday, eventually ending the session at $122.81, with a gain of 3.49% or 4.14 points. The heightened volatility saw the trading volume jump to 20,23,345 shares. Company has a market cap of $36,021 M.
In a different news, on Jun 10, 2016, Timothy P Mulhere (EVP & Regions President) sold 3,762 shares at $121.60 per share price. According to the SEC, on May 12, 2016, Bryan L Hughes (Sr. VP & Corporate Controller) sold 6,000 shares at $117.03 per share price. On May 6, 2016, Larry L Berger (Executive VP & CTO) sold 11,590 shares at $116.33 per share price, according to the Form-4 filing with the securities and exchange commission.
Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Company’s cleaning and sanitizing programs and products pest elimination services and equipment maintenance and repair services support customers in the foodservice food and beverage processing hospitality healthcare Government and education retail textile care and commercial facilities management sectors in over 170 countries.