Canaccord Genuity Believes Ecolab Inc (NYSE: ECL) Still Has Room to Grow

By Jason Carr

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 $131.94, close to its 52-week high of $134.89.

According to TipRanks.com, Quealy is a 4-star analyst with an average return of 4.5% and a 50.3% success rate. Quealy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Ceco Environmental, and Lsi Industries Inc.

Ecolab Inc has an analyst consensus of Moderate Buy, with a price target consensus of $134.80.

Ecolab Inc’s market cap is currently $38.23B and has a P/E ratio of 31.09. The company has a book value ratio of 5.6149.

Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock.

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