Ecolab Inc. (NYSE: ECL) has reported earnings for its second fiscal quarter (ending June 30) of $1.72 versus $1.16 for the same period a year ago. E.P.S. were $6.01 for the latest four quarters through June 30 versus $4.13 for the same period a year ago.
Recent Price Action
On 7/30/24, Ecolab Inc. (NYSE: ECL) stock suffered a large decline of -7.7%, closing at $228.86. Moreover, exceptionally high trading volume at 271% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.1% during the last week.
Current PriceTarget Research Rating
ECL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Ecolab has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ecolab has a very low Appreciation Score of 8 but a good Power Rating of 85, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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