Great Lakes Advisors LLC and others have increased their stake in Ecolab Inc. (ECL), which recently expanded its water business with the acquisition of Cascade Water. The company has also reported strong trading days and delivered Q3 earnings that exceeded estimates. Despite a momentary underperformance, the company's strong momentum resulted in a positive stock forecast and price target for 2024. Notably, Ecolab's upcoming dividend of US$0.51 is also a key highlight. The robust Q1 earnings and revenues topped estimates while the anticipation builds up for the Q2 earnings report. After a temporary downgrade by Goldman Sachs, Ecolab rebounded with its Q1 earnings surpassing estimates and an increase in margins. Analysts anticipate the firm to gain more momentum in the coming times. More so, Ecolab's strategic SWOT insights reveal robust performance and strong growth potential. Despite some apprehensions around valuation, experts recommend holding Ecolab in investors' portfolios on account of its consistent performance and upcoming promising outlook.
Ecolab ECL News Analytics from Mon, 18 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 16:51:12 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -3
