Kimberly-Clark (NYSE:KMB) Price Target Cut to $127.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced its price target for Kimberly-Clark from $144.00 to $127.00, maintaining a "neutral" rating on the stock, which reflects a potential upside of 5.79% from its current price.
• Other firms like Barclays and Wells Fargo have also lowered their price targets, generally setting ratings around "equal weight" or "outperform," which shows a cautious sentiment among analysts.
• Despite the recent target cuts, the average rating for Kimberly-Clark remains a "Hold" with an average target price around $137.00, indicating mixed investor confidence.

Kimberly-Clark (NYSE:KMB - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $144.00 to $127.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 5.79% from the stock's current price.

Several other research firms have also commented on KMB. Barclays dropped their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 1st. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Monday, September 22nd. Wells Fargo & Company lowered their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Citigroup lowered their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a "sell" rating for the company in a research note on Thursday. Finally, Piper Sandler lowered their price objective on shares of Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating for the company in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $137.00.

Kimberly-Clark Trading Up 0.4%

Kimberly-Clark stock opened at $120.05 on Friday. The stock has a market cap of $39.83 billion, a P/E ratio of 15.95, a PEG ratio of 4.46 and a beta of 0.30. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark has a 1 year low of $119.36 and a 1 year high of $150.45. The firm's 50 day moving average price is $128.40 and its 200-day moving average price is $132.22.

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 for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.16 billion for the quarter, compared to analysts' expectations of $4.85 billion. During the same quarter in the previous year, the business posted $1.96 earnings per share. Kimberly-Clark's quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts predict that Kimberly-Clark will post 7.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kimberly-Clark

A number of large investors have recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in shares of Kimberly-Clark during the first quarter valued at about $26,000. Financial Network Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark by 176.1% during the first quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company's stock valued at $28,000 after acquiring an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $25,000. Princeton Global Asset Management LLC increased its holdings in shares of Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company's stock valued at $27,000 after acquiring an additional 188 shares in the last quarter. Finally, Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $27,000. 76.29% of the stock is currently 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.

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