Mn Services Vermogensbeheer B.V. continues to hold a significant stake in Ecolab Inc. (NYSE:ECL) amounting to $24.29 million. The consensus among 14 financial analysts indicates a 'moderate buy' recommendation with Raymond James initiating coverage with an 'outperform' recommendation. The company also showed strong Q1 and Q2 earnings, beating analyst expectations and raising the financial outlook for 2024, though it missed expectations in terms of revenue reports. The Q2 earnings showed a rise in margins and an EPS of $1.71. They managed to decrease their holdings of Ecolab shares by 8.3% in July. Ecolab sold its surgical solutions business to Medline and the company continues to receive high rating from Royal Bank of Canada. On the other hand, Q2 earnings missed expectations, causing a dip in the share prices. However, overall momentum remains strong as they delivered a 37% gain to investors who invested a year ago. Despite the strong performance, some critics argue that Ecolab's valuation calculus is biased to the downside.
Ecolab ECL News Analytics from Mon, 27 Nov 2023 08:00:00 GMT to Sun, 25 Aug 2024 19:07:09 GMT -
Rating 7
- Innovation 4
- Information 5
- Rumor -5
