Barclays Maintains Their Buy Rating on Ecolab Inc

By Ryan Adsit

Barclays analyst Manav Patnaik maintained a Buy rating on Ecolab Inc (NYSE: ECL) on December 22 and set a price target of $150. The company’s shares opened today at $133.99.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 10.9% and a 69.4% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events Inc, Adtalem Global Education Inc, and Apollo Education Group Inc.

Ecolab Inc has an analyst consensus of Moderate Buy, with a price target consensus of $140.40.

Based on Ecolab Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.56 billion and quarterly net profit of $392 million. In comparison, last year the company earned revenue of $3.39 billion and had a net profit of $374 million.

Based on the recent corporate insider activity of 146 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Hickey, the EVP & Pres. Global Inst. of ECL sold 19,300 shares for a total of $2,654,329.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ecolab, Inc. engages in the provision of products and services in the field of water, hygiene, and energy. The firm serves the foodservice, food processing, hospitality, healthcare, and industrial industries. It operates through the following segments: Global Industrial, Global Institutional, Global Energy, Other, and Corporate.