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
€225.60
-0.350%
With 27 Buy predictions and not a single Sell prediction Ecolab Inc. is an absolute favorite of our community.
With a target price of 270 € there is a slightly positive potential of 19.68% for Ecolab Inc. compared to the current price of 225.6 €.
