Kimberly-Clark (NASDAQ:KMB) Given New $95.00 Price Target at Citigroup

by · The Cerbat Gem

Kimberly-Clark (NASDAQ:KMB – Get Free Report) had its price objective reduced by stock analysts at Citigroup from $100.00 to $95.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s target price would suggest a potential downside of 7.68% from the stock’s previous close.

Other research analysts have also issued reports about the stock. BNP Paribas Exane decreased their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. BNP Paribas restated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimberly-Clark in a report on Monday. Finally, Evercore ISI reissued an “in-line” rating and issued a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $124.62.

Check Out Our Latest Stock Analysis on Kimberly-Clark

Kimberly-Clark Trading Up 0.3%

Shares of NASDAQ KMB traded up $0.36 during trading hours on Wednesday, hitting $102.90. The company’s stock had a trading volume of 5,316,611 shares, compared to its average volume of 3,058,603. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.56 and a current ratio of 0.77. The stock has a market cap of $34.15 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 3.79 and a beta of 0.25. Kimberly-Clark has a 12 month low of $99.22 and a 12 month high of $150.45. The business has a 50-day simple moving average of $109.73 and a 200-day simple moving average of $122.53.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 EPS. On average, analysts anticipate that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kimberly-Clark

A number of large investors have recently made changes to their positions in the company. Empirical Finance LLC lifted its holdings in shares of Kimberly-Clark by 0.6% in the second quarter. Empirical Finance LLC now owns 11,876 shares of the company’s stock worth $1,531,000 after buying an additional 76 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 3.7% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 2,201 shares of the company’s stock worth $284,000 after buying an additional 78 shares during the last quarter. Monarch Capital Management Inc. raised its position in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock valued at $568,000 after buying an additional 81 shares in the last quarter. TFB Advisors LLC grew its position in Kimberly-Clark by 4.2% in the second quarter. TFB Advisors LLC now owns 2,022 shares of the company’s stock worth $261,000 after acquiring an additional 82 shares in the last quarter. Finally, State of Wyoming increased its stake in Kimberly-Clark by 3.0% during the first quarter. State of Wyoming now owns 2,879 shares of the company’s stock worth $409,000 after acquiring an additional 85 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

About Kimberly-Clark

(Get Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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