Kimberly-Clark (NASDAQ:KMB) Stock Price Expected to Rise, Barclays Analyst Says

Kimberly-Clark (NASDAQ:KMB) had its target price raised by Barclays from $106.00 to $112.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 0.71% from the stock’s previous close.

Several other research firms have also recently commented on KMB. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Rothschild & Co Redburn lowered their target price on Kimberly-Clark from $138.00 to $129.00 and set a “buy” rating for the company in a report on Friday, October 9th. UBS Group lifted their price target on Kimberly-Clark from $106.00 to $113.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $106.00 to $112.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $113.07.

Kimberly-Clark Stock Up 2.6%

NASDAQ KMB traded up $2.79 during trading hours on Monday, reaching $111.22. 1,057,280 shares of the company’s stock were exchanged, compared to its average volume of 4,974,085. The company’s 50-day moving average is $102.59 and its two-hundred day moving average is $103.23. Kimberly-Clark has a one year low of $92.42 and a one year high of $116.82. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.89. The company has a market capitalization of $36.99 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 5.78 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, November 5th. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark will post 7.38 EPS for the current fiscal year.

Institutional Trading of Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lynch Investment Planning LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $26,000. John Boyer Inc. bought a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $28,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $32,000. Ancora Advisors LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $32,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile