JP Morgan Initiates Coverage On Kimberly Clark Corp to Neutral with Price Target $139

JP Morgan Initiates Coverage On Kimberly Clark Corp(KMB). In a research note issued to the investors, the brokerage major Announces the price-target to $139 per share. The shares have been rated Neutral. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 10, 2017, Societe Generale said it Downgrades its rating on Kimberly Clark Corp. According to the research note, Societe Generale Raises the price target to $144 per share from a prior target of $139. The shares have been rated ‘Hold’ by the firm. On Jan 9, 2017, Barclays said it Downgrades its rating on Kimberly Clark Corp. According to the research note, Barclays Lowers the price target to $109 per share from a prior target of $125. The shares have been rated ‘Equal-Weight’ by the firm.

Kimberly Clark Corp (KMB) shares turned negative on Fridays trading session with the shares closing down -0.58 points or -0.44% at a volume of 15,57,355. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $133.25. The peak price level was also seen at $133.25 while the days lowest was $132.15. Finally the shares closed at $132.45. The 52-week high of the shares is $138.87 while the 52-week low is $111.3. According to the latest information available, the market cap of the company is $47,119 M.

Kimberly Clark Corp(KMB) last announced its earnings results on Jan 24, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.544B. Analysts had an estimated revenue of $4.550B. Earnings per share were $1.45. Analysts had estimated an EPS of $1.42.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2017, Anthony J. Palmer (Pres Global Brands & Inno) sold 36,320 shares at $131.67 per share price.Also, On Feb 22, 2017, Thomas J. Mielke (SVP – General Counsel) sold 18,208 shares at $131.53 per share price.On Feb 22, 2017, Thomas J Falk (Chairman of the Board and CEO) sold 60,964 shares at $131.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. The Company’s operating segments are based on product groupings. The Company operates in three segments which include Personal Care which offers solutions and products such as disposable diapers training and youth pants swimpants baby wipes feminine and incontinence care products and other related products; Consumer Tissue offers products such as facial and bathroom tissue paper towels napkins and related products and K-C Professional (KCP) offers solutions and supporting products such as apparel wipers soaps sanitizers tissue and towels. The Company’s brands include Huggies Pull-Ups Little Swimmers GoodNites DryNites Kotex U by Kotex Intimus Depend Plenitud Poise Kleenex Scott Cottonelle Viva Andrex Scottex Neve WypAll Kimtech and Jackson Safety among others.

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