Kimberly-Clark Corporation (KMB) Stock Rating Upgraded by Societe Generale

Kimberly-Clark Corporation (NYSE:KMB) was upgraded by stock analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, November 2nd, MarketBeat.com reports. The brokerage presently has a $144.00 price objective on the stock, up from their previous price objective of $112.05. Societe Generale’s price target would suggest a potential upside of 23.08% from the company’s previous close.

Several other research analysts also recently commented on KMB. Jefferies Group LLC reissued a “hold” rating and issued a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. BidaskClub cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG cut shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $134.00 to $120.00 in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $127.14.

Kimberly-Clark Corporation (KMB) traded up $1.65 during trading hours on Thursday, reaching $117.00. 3,337,460 shares of the company’s stock traded hands, compared to its average volume of 1,801,408. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The stock has a market cap of $40,580.00, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 2.97 and a beta of 0.74. Kimberly-Clark Corporation has a 52-week low of $109.67 and a 52-week high of $136.21.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Research Global Investors boosted its position in shares of Kimberly-Clark Corporation by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Kimberly-Clark Corporation by 5,178.3% in the second quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock valued at $319,676,000 after acquiring an additional 2,429,085 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Kimberly-Clark Corporation by 305.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock valued at $259,496,000 after acquiring an additional 1,514,722 shares during the period. APG Asset Management N.V. raised its stake in shares of Kimberly-Clark Corporation by 85.3% in the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares during the period. Finally, Stifel Financial Corp raised its stake in shares of Kimberly-Clark Corporation by 29,110.9% in the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock valued at $91,647,000 after acquiring an additional 775,805 shares during the period. Institutional investors and hedge funds own 70.60% of the company’s stock.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Analyst Recommendations for Kimberly-Clark Corporation (NYSE:KMB)

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