Kimberly-Clark (NYSE:KMB) Price Target Lowered to $113.00 at Citigroup

Key Points

• Citigroup has lowered Kimberly-Clark's price target from $118.00 to $113.00 and issued a "sell" rating, indicating a potential downside of 5.83% from its current stock price.
• Other analysts have also cut their target prices, with Barclays lowering theirs from $139.00 to $131.00, while JPMorgan upgraded the stock to "neutral" and raised its target from $125.00 to $138.00.
• Kimberly-Clark reported earnings of $1.92 per share in its last quarter, beating estimates but showing a 1.6% decline in revenue year-over-year.

Kimberly-Clark (NYSE:KMB - Get Free Report) had its price objective cut by investment analysts at Citigroup from $118.00 to $113.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. Citigroup's target price would suggest a potential downside of 5.83% from the company's current price.

Other equities analysts have also issued reports about the company. Barclays cut their target price on Kimberly-Clark from $139.00 to $131.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Evercore ISI cut their target price on Kimberly-Clark from $155.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, September 22nd. UBS Group cut their target price on Kimberly-Clark from $140.00 to $130.00 and set a "neutral" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upgraded Kimberly-Clark from an "underweight" rating to a "neutral" rating and raised their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Finally, Piper Sandler dropped their price objective on Kimberly-Clark from $149.00 to $145.00 and set an "overweight" rating on the stock in a research note on Thursday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $138.22.

Kimberly-Clark Stock Up 0.3%

Shares of Kimberly-Clark stock traded up $0.36 during midday trading on Thursday, hitting $119.99. The company's stock had a trading volume of 670,047 shares, compared to its average volume of 2,315,946. The firm has a market capitalization of $39.81 billion, a P/E ratio of 15.89, a PEG ratio of 4.46 and a beta of 0.30. The stock has a 50-day simple moving average of $128.50 and a 200-day simple moving average of $132.35. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark has a 1-year low of $119.36 and a 1-year high of $150.45.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC lifted its holdings in Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock worth $577,000 after buying an additional 74 shares in the last quarter. Tudor Financial Inc. lifted its holdings 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 buying an additional 75 shares in the last quarter. Empirical Finance LLC lifted its holdings in Kimberly-Clark by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 11,876 shares of the company's stock worth $1,531,000 after buying an additional 76 shares in the last quarter. Hoge Financial Services LLC lifted its holdings in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after buying an additional 77 shares in the last quarter. Finally, Nwam LLC lifted its holdings in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company's stock worth $908,000 after buying an additional 77 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

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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