Kimberly-Clark (NYSE:KMB) Price Target Cut to $150.00 by Analysts at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for Kimberly-Clark's stock from $155.00 to $150.00, while maintaining an "outperform" rating, indicating a potential upside of 21.03% from the last close.
• Other analysts, like JPMorgan and UBS, have adjusted their ratings and price targets, with JPMorgan moving from "underweight" to "neutral" and raising the target from $125.00 to $138.00.
• Despite recent modifications by analysts, Kimberly-Clark's shares are currently trading at $123.94, below the average target price of $142.20.

Kimberly-Clark (NYSE:KMB - Get Free Report) had its price target cut by research analysts at Evercore ISI from $155.00 to $150.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Evercore ISI's price target suggests a potential upside of 20.90% from the company's current price.

KMB has been the topic of several other reports. Piper Sandler initiated coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 target price on the stock. UBS Group cut their price target on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays increased their price objective on shares of Kimberly-Clark from $134.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised shares of Kimberly-Clark from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $138.00 in a research note on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $142.20.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.55 during mid-day trading on Monday, hitting $124.07. 2,683,760 shares of the company were exchanged, compared to its average volume of 2,330,537. Kimberly-Clark has a 1-year low of $123.80 and a 1-year high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a fifty day moving average of $129.67 and a 200 day moving average of $133.77. The company has a market capitalization of $41.16 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 4.46 and a beta of 0.32.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.25. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $1.96 EPS. As a group, sell-side analysts expect that Kimberly-Clark will post 7.5 earnings per share for the current year.

Institutional Investors Weigh In On Kimberly-Clark

A number of institutional investors and hedge funds have recently modified their holdings of KMB. Cornerstone Wealth Management LLC boosted its holdings in Kimberly-Clark by 1.9% during the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares during the last quarter. Tudor Financial Inc. boosted its stake in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after acquiring an additional 75 shares during the last quarter. Empirical Finance LLC grew its holdings in Kimberly-Clark by 0.6% during the second quarter. Empirical Finance LLC now owns 11,876 shares of the company's stock valued at $1,531,000 after purchasing an additional 76 shares during the period. Park National Corp OH increased its stake in Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after purchasing an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC raised its holdings in Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after purchasing an additional 77 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.