Kimberly-Clark (NASDAQ:KMB) Stock Price Target Raised at Barclays

Key Points

• Barclays raised its Kimberly-Clark price target from $106 to $112 while maintaining an “equal weight” rating, implying about 0.7% upside from the stock’s current price.
• Analysts overall have a “Hold” consensus and an average price target of $113.07; ratings include one Strong Buy, four Buys, ten Holds and two Sells.
• Kimberly-Clark reported quarterly EPS of $1.70, above the $1.65 estimate, while revenue of $4.13 billion was flat against estimates and down 1.2% year over year.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) had its target price upped by analysts at Barclays from $106.00 to $112.00 in a research report issued on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 0.71% from the stock's current price.

A number of other equities analysts also recently weighed in on the company. DA Davidson boosted their target price on Kimberly-Clark from $106.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Bank of America decreased their price target on Kimberly-Clark from $122.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, September 25th. BNP Paribas Exane increased their price target on Kimberly-Clark from $101.00 to $110.00 and gave the company a "neutral" rating in a research report on Friday, October 16th. UBS Group lifted their price target on Kimberly-Clark from $106.00 to $113.00 and gave the stock a "neutral" rating in a report on Wednesday, October 28th. Finally, Rothschild & Co Redburn cut their price objective on Kimberly-Clark from $138.00 to $129.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average price target of $113.07.

Kimberly-Clark Stock Up 2.6%

NASDAQ KMB traded up $2.79 on Monday, reaching $111.22. The company had a trading volume of 1,057,280 shares, compared to its average volume of 4,974,085. The company has a quick ratio of 0.65, a current ratio of 0.89 and a debt-to-equity ratio of 1.91. The company's fifty day moving average is $102.59 and its 200 day moving average is $103.23. Kimberly-Clark has a 52-week low of $92.42 and a 52-week high of $116.82. The stock has a market capitalization of $36.99 billion, a P/E ratio of 11.24, a P/E/G ratio of 5.78 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.05. Kimberly-Clark had a net margin of 19.93% and a return on equity of 114.93%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The business's revenue was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark will post 7.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimberly-Clark

A number of hedge funds and other institutional investors have recently modified their holdings of KMB. Legal & General Group Plc acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $223,668,000. NewEdge Advisors LLC raised its holdings in Kimberly-Clark by 3.5% in the second quarter. NewEdge Advisors LLC now owns 595,464 shares of the company's stock worth $65,364,000 after purchasing an additional 20,300 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Kimberly-Clark during the second quarter worth $34,869,000. Bank of America Corp DE boosted its position in shares of Kimberly-Clark by 3.3% during the second quarter. Bank of America Corp DE now owns 6,881,641 shares of the company's stock worth $755,398,000 after purchasing an additional 219,742 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Kimberly-Clark by 612.5% during the first quarter. Fifth Third Bancorp now owns 205,588 shares of the company's stock worth $19,833,000 after purchasing an additional 176,733 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

About Kimberly-Clark

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