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.
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