Kimberly Clark Corp Stock Rating Reaffirmed by Zacks (KMB)

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Kimberly Clark Corp (NYSE: KMB)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Thursday, StockRatingsNetwork reports. They currently have a $100.00 price target on the stock. Zacks‘ target price indicates a potential upside of 3.79% from the stock’s previous close.

Zacks‘ analyst wrote, “Kimberly-Clark’s first-quarter 2013 earnings of $1.48 per share beat the Zacks Consensus Estimate by 10.4% and the prior-year quarter earnings by 19.4% driven by organic sales growth, cost savings and improved other income. Organic sales increased on the back of volume growth and better pricing. We are encouraged by the company’s restructuring and cost savings program, which has been adding to company’s profitability. In addition, the company’s efforts to streamline European facilities by dissolving the diaper segment of Western and Central Europe is expected to optimize resources. Further, persistent innovations, company’s growth initiatives and the company’s strong international presence make the stock attractive. However, slow recovery in economy, increased input and marketing expenses keeps us on the sidelines with a Neutral recommendation. “

Shares of Kimberly Clark Corp (NYSE: KMB) opened at 96.35 on Thursday. Kimberly Clark Corp has a one year low of $80.40 and a one year high of $106.54. The stock’s 50-day moving average is currently $102.5. The company has a market cap of $37.057 billion and a P/E ratio of 20.96.

Kimberly Clark Corp (NYSE: KMB) last issued its quarterly earnings data on Friday, April 19th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.15. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter last year, the company posted $1.24 earnings per share. Kimberly Clark Corp’s revenue was up 1.5% compared to the same quarter last year. Kimberly Clark Corp has set its FY13 guidance at $5.60-5.75 EPS. On average, analysts predict that Kimberly Clark Corp will post $5.73 earnings per share for the current fiscal year.

A number of other firms have also recently commented on KMB. Analysts at B. Riley reiterated an “upgrade neutral” rating on shares of Kimberly Clark Corp in a research note to investors on Tuesday. They now have a $93.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Kimberly Clark Corp in a research note to investors on Monday, May 13th. Finally, analysts at Ned Davis Research downgraded shares of Kimberly Clark Corp from a “buy” rating to a “neutral” rating in a research note to investors on Monday, May 13th.

Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Kimberly Clark Corp has a consensus rating of “Hold” and a consensus target price of $99.60.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, June 5th.

Kimberly-Clark Corporation (NYSE: KMB), 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 Zacks’ full report, visit www.zacks.com

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