Kimberly Clark Corp’s Buy Rating Reaffirmed at TheStreet (KMB)
Kimberly Clark Corp (NYSE: KMB)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Tuesday.
The analysts wrote, “Kimberly-Clark Corporation (KMB) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on KMB. Analysts at Barclays Capital cut their price target on shares of Kimberly Clark Corp from $86.00 to $83.00 in a research note to investors on Monday, February 11th. Separately, analysts at Bank of America raised their EPS on shares of Kimberly Clark Corp in a research note to investors on Monday, February 11th. They now have a “buy” rating and a $98.00 price target on the stock.
Three research analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have given a hold rating, and two have given a sell rating to the company’s stock. The company currently has a consensus rating of “hold” and an average target price of $88.79.
Kimberly Clark Corp opened at 93.88 on Tuesday. Kimberly Clark Corp has a 52-week low of $72.36 and a 52-week high of $96.50. The stock’s 50-day moving average is currently $91.28. The company has a market cap of $36.390 billion and a price-to-earnings ratio of 21.24.
Kimberly Clark Corp last issued its quarterly earnings data on Friday, January 25th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $1.28 earnings per share. Kimberly Clark Corp’s revenue was up 2.5% compared to the same quarter last year. Kimberly Clark Corp has set its FY13 guidance at $5.50-5.65 EPS. Analysts expect that Kimberly Clark Corp will post $5.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 2nd. Investors of record on Friday, March 8th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Wednesday, March 6th. This is an increase from Kimberly Clark Corp’s previous quarterly dividend of $0.74.
Kimberly-Clark Corporation (Kimberly Clark), is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.