Kimberly-Clark Corp. (NYSE:KMB)‘s stock had its “neutral” rating restated by Zacks in a report released on Wednesday, AmericanBankingNews.com reports. They currently have a $108.00 target price on the stock. Zacks‘ price objective would suggest a potential upside of 4.88% from the stock’s previous close.
Zacks‘ analyst wrote, “Kimberly-Clark’s third-quarter 2013 earnings of $1.44 per share beat the Zacks Consensus Estimate by 2.9% and the prior-year quarter earnings by 7.5%. The upswing in earnings was driven by organic sales growth, cost savings, favorable tax rates and lower share count, which made up for increased input costs and currency headwinds. Organic sales increased 5% on the back of volume growth and better pricing. We are encouraged by the company’s restructuring and cost savings program, which has boosted profitability. In addition, the company’s efforts to streamline the European facilities by dissolving the diaper segment of Western and Central Europe is expected to optimize resources. Further, regular innovations, company’s growth initiatives and its strong international presence makes the stock attractive. However, slow economic recovery, increased input and marketing expenses and currency headwinds keep us on the sidelines with a Neutral recommendation. “
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.93% during mid-day trading on Wednesday, hitting $104.96. The stock had a trading volume of 2,884,645 shares. Kimberly-Clark Corp. has a one year low of $82.15 and a one year high of $106.54. The stock has a 50-day moving average of $95.88 and a 200-day moving average of $98.21. The company has a market cap of $40.204 billion and a P/E ratio of 21.89.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings data on Tuesday, October 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Kimberly-Clark Corp. will post $5.68 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Kimberly-Clark Corp. from $93.00 to $98.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Kimberly-Clark Corp. to $94.00 in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Kimberly-Clark Corp. in a research note to investors on Monday, October 7th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Kimberly-Clark Corp. presently has a consensus rating of “Hold” and an average price target of $100.19.
Kimberly-Clark Corporation (NYSE:KMB) is a global company focused on the world in essentials for a better life through product innovation and building its personal care, consumer tissue, K C professional and health care brands.
To view Zacks’ full report, visit www.zacks.com
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