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. Stock
€234.90
0.470%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 266 € shows a slightly positive potential of 13.24% compared to the current price of 234.9 € for Ecolab Inc..
