Analysts Offer Insights on Consumer Goods Companies: Ecolab Inc (NYSE: ECL) and Nike (NYSE: NKE)By Jason Carr
Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Ecolab Inc (NYSE: ECL) and Nike (NYSE: NKE).
Ecolab Inc (NYSE: ECL)
In a report released yesterday, John Quealy from Canaccord Genuity reiterated a Buy rating on Ecolab Inc (NYSE: ECL), with a price target of $135. The company’s shares opened today at $124.31, close to its 52-week high of $126.17.
“We find Ecolab very well positioned to benefit from the convergence of population growth, resource volatility and rapid industrialization across the world. The company’s recurring services model drives high visibility (even in a variable macro environment).”
According to TipRanks.com, Quealy is a 4-star analyst with an average return of 4.7% and a 47.8% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Darling Ingredients, and Ceco Environmental.
Currently, the analyst consensus on Ecolab Inc is Strong Buy and the average price target is $131.75, representing a 6.0% upside.
In a report issued on February 27, Oppenheimer also reiterated a Buy rating on the stock with a $131 price target.
Nike (NYSE: NKE)
According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -6.9% and a 39.8% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, G-III Apparel Group, and Ralph Lauren Corp.
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $63.33.
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