Societe Generale upgraded shares of Kimberly-Clark Corporation (NYSE:KMB) from a hold rating to a buy rating in a research note published on Thursday, Marketbeat.com reports. Societe Generale currently has $144.00 price target on the stock, up from their previous price target of $112.05.
A number of other analysts also recently issued reports on the company. J P Morgan Chase & Co downgraded Kimberly-Clark Corporation from a neutral rating to an underweight rating and cut their target price for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Macquarie started coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They issued a neutral rating and a $121.00 target price for the company. Royal Bank Of Canada reaffirmed a hold rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. BidaskClub downgraded Kimberly-Clark Corporation from a hold rating to a sell rating in a research note on Tuesday, July 11th. Finally, UBS AG reaffirmed a neutral rating and issued a $119.00 target price (down from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $127.14.
Kimberly-Clark Corporation (NYSE KMB) opened at $110.79 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm has a market cap of $38,971.20, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 2.88 and a beta of 0.74.
Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after purchasing an additional 34 shares during the last quarter. Armbruster Capital Management Inc. grew its position in Kimberly-Clark Corporation by 38.5% in the 1st quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 250 shares in the last quarter. Heritage Trust Co acquired a new position in Kimberly-Clark Corporation in the 1st quarter valued at about $118,000. V Wealth Management LLC acquired a new position in Kimberly-Clark Corporation in the 2nd quarter valued at about $123,000. Finally, Sterling Investment Advisors Ltd. grew its position in Kimberly-Clark Corporation by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares in the last quarter. 70.38% of the stock is owned by hedge funds and other institutional investors.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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