Ecolab Inc. (ECL): Where It’s Really At

The stock of Ecolab Inc. (NYSE:ECL) has been Reiterated to Buy by BofA/Merrill in its latest research note that was published on May 01. ECL has given a price target of $200 by BofA/Merrill, with other Wall Street analysts also giving their reports regarding the stock. UBS analysts have downgraded their rating of ECL stock from Buy to Neutral in a separate flash note to investors on April 18. Analysts at JP Morgan downgraded the stock to a Neutral call from its previous Overweight stance, in a research note that dated back to February 20.

Ecolab’s stock is covered by 22 analyst(s), with 8 of them rating the stock as Buy. It has been deemed to have Strong Buy by none of the analyst(s), 13 of them have rated it as a Hold while 1 of them rated it as Sell. The situation was different a month ago when the stock was rated as a Buy by only 9 analyst(s). none of them rated it as Strong Buy with 13 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a Sell. The above data shows that ECL has an average analyst rating of Overweight.

Ecolab Inc., which has current market capitalization of above $55 Billion, published its last quarter earnings on June 30, 2019. The company was able to amass $4 Billion in revenue that saw a quarterly growth rate of 1.89%. During the last reported quarter of the year, the company also recorded $1.42 earnings per share (EPS) which is $0.01 above the $1.41 estimated by analyst, leading to a surprise factor of 0.71%.

ECL declined by $-0.16 during the normal trading session on Wednesday and reaching a high of $195.70 during the day while it closed the day at $191.83. The Ecolab stock had a low trading volume of 0.95 million shares on that day, which is low compared to the average daily volume of 1.02M shares. ECL has also lost 2.77% of its value over the past 7 days. However, the stock has declined by 3.98% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.72% while it has added 30.19% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -8.6% from its 3 months high price. However, taking another look at ECL will indicate that it is trading +0.63% away from its 90-day low. Looking at the bigger picture, the Ecolab Inc. stock has dropped by -8.6% from its 52-week high while it has surged by +41.29% from its 52-week low price.

On September 12, 2019 Brown Darrell R, EVP & Pres – Global Industrial sold 12678 shares of the company. The average price for that transaction was $198.09 per share, which meant that Brown Darrell R earned $2511385 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with EVP & Pres – Global Industrial, Brown Darrell R selling 2280 shares of this stock on August 19, 2019. The average selling price for the stock was $207.95 per share, with the sold stock accruing $474126. Following this transaction, the EVP & Pres – Global Industrial Brown Darrell R now holds 19511 shares of the company, which is worth around $3821424.

Let us now take a quick look at the stock’s short, medium and long-term indicators. Composite Indicator shows that ECL stock was rated as a Sell by TrendSpotter. Its short-term indicators reveal that Ecolab has a 20-day average volume of 1064032 shares. This has led to the ECL price forecast being placed as a age: Hold on an average basis. In the medium term, however, the ECL stock has its 50-Day average volume of 1080025 shares, with the indicators also rating it as a e: 50%Buy. Finally, in the long-term, the ECL stocks have a 100-Day average volume of 1121323 shares, with the long-term indicators rating the stock as just e: 50%Buy. Looking at the three indicators, the ECL stock has been set on a 0.24 Buy rating.

Ecolab has around 86 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $4 Trillion. The Ecolab stock is bringing in revenue of over 12 months, which is roughly 2 Trillion. Despite all that, Ecolab Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 0.50%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 6.29%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 6.67%. Over the past 20 days, Ecolab’s Stochastic %K stood at 23.13% while its Stochastic %D was revealed to be 31.36%.