Kimberly-Clark (NASDAQ:KMB) Given New $97.00 Price Target at TD Cowen

Key Points

• TD Cowen lowered Kimberly-Clark’s price target from $104 to $97 and maintained a “hold” rating, implying approximately 0.82% downside from the stock’s $97.80 closing price.
• Analyst sentiment remains broadly neutral: Kimberly-Clark has an average “Hold” rating and an average price target of $116.50, based on 17 analyst ratings.
• The company’s latest quarterly results fell short of expectations, with adjusted EPS of $1.80 versus the $2.01 consensus and revenue of $4.19 billion versus estimates of $4.22 billion.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) had its price target lowered by equities researchers at TD Cowen from $104.00 to $97.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's target price would suggest a potential downside of 0.82% from the company's current price.

Several other analysts have also recently issued reports on KMB. Barclays upped their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. Bank of America decreased their target price on shares of Kimberly-Clark from $122.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, September 25th. Seaport Research Partners upgraded Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $105.00 to $100.00 and set an "equal weight" rating on the stock in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $116.50.

Kimberly-Clark Price Performance

KMB traded down $0.97 on Tuesday, hitting $97.80. 3,066,934 shares of the company's stock were exchanged, compared to its average volume of 4,797,822. Kimberly-Clark has a fifty-two week low of $92.42 and a fifty-two week high of $123.09. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a 50-day moving average price of $103.47 and a 200-day moving average price of $102.55. The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 4.99 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. Kimberly-Clark's quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $1.92 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark will post 7.35 earnings per share for the current year.

Institutional Trading of Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Valley Wealth Managers Inc. grew its holdings in shares of Kimberly-Clark by 1.2% during the third quarter. Valley Wealth Managers Inc. now owns 47,283 shares of the company's stock worth $4,607,000 after purchasing an additional 572 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at about $542,000. Wedmont Private Capital boosted its position in shares of Kimberly-Clark by 7.5% in the 3rd quarter. Wedmont Private Capital now owns 5,450 shares of the company's stock valued at $533,000 after purchasing an additional 381 shares during the period. Breakwater Capital Group boosted its position in shares of Kimberly-Clark by 22.3% in the 3rd quarter. Breakwater Capital Group now owns 6,234 shares of the company's stock valued at $607,000 after purchasing an additional 1,135 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Kimberly-Clark by 16.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 22,794 shares of the company's stock valued at $2,221,000 after purchasing an additional 3,154 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

About Kimberly-Clark

Kimberly-Clark Corporation NASDAQ: KMB is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company's well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.

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