Why Ecolab Stock Is Sinking Today
Shares of leading sustainability juggernaut (NYSE: ECL) were down 4% at 11 a.m. ET on Tuesday, according to data provided by S&P Global Market Intelligence.
Ecolab reported second-quarter earnings that fell just shy of analysts' expectations, with earnings per share (EPS) just $0.01 short.
However, the market's reaction to this miss may have more to do with Ecolab's lofty valuation of 35 times earnings, especially with minimal sales growth at the moment.
Source Fool.com
Ecolab Inc. Aktie
240,80 €
-0,41 %
Einseitige Meinung: Ecolab Inc. erhält nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Ein positives Kurspotenzial für Ecolab Inc. ist gegeben, mit einem Kursziel von 282 € über dem aktuellen Kurs von 240.8 €.
