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Ecolab (ECL) Receives a Buy from Deutsche Bank

In a report issued on April 11, David Begleiter from Deutsche Bank maintained a Buy rating on Ecolab (ECLResearch Report). The company’s shares closed last Thursday at $176.60.

According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 11.2% and a 65.9% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Ecolab has an analyst consensus of Hold, with a price target consensus of $201.23, an 11.1% upside from current levels. In a report issued on April 5, Atlantic Equities also initiated coverage with a Buy rating on the stock with a $210.00 price target.

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The company has a one-year high of $238.93 and a one-year low of $154.85. Currently, Ecolab has an average volume of 1.63M.

Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ECL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Headquartered in Minnesota and founded in 1923, Ecolab, Inc. provides products and services that specialize in water treatment, purification, cleaning and hygiene. It operates through the following business segments: Global Industrial, Global Institutional and Global Energy.

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