Freedom Capital Upgrades Kimberly-Clark (NASDAQ:KMB) to Strong-Buy

by · The Cerbat Gem

Kimberly-Clark (NASDAQ:KMB – Get Free Report) was upgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on KMB. UBS Group upped their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday. Piper Sandler lifted their target price on shares of Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. TD Cowen boosted their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.93.

Get Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $112.37 on Tuesday. The stock’s fifty day moving average is $106.43 and its two-hundred day moving average is $102.73. The firm has a market capitalization of $37.30 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 5.02 and a beta of 0.26. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.55 and a current ratio of 0.91. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $137.46.

Kimberly-Clark (NASDAQ:KMB – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the business earned $1.92 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that Kimberly-Clark will post 7.45 earnings per share for the current year.

Hedge Funds Weigh In On Kimberly-Clark

Hedge funds have recently bought and sold shares of the company. Greatmark Investment Partners Inc. increased its stake in Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Kimberly-Clark by 0.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock worth $1,523,000 after purchasing an additional 100 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Kimberly-Clark by 18.3% during the 1st quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after purchasing an additional 103 shares during the period. Finally, Core Wealth Partners LLC raised its position in Kimberly-Clark by 2.6% in the 4th quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Company Profile

(Get Free Report)

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.

Featured Articles