RBC cuts Ecolab stock price target to $294, maintains Outperform By Investing.com
On Friday, RBC Capital Markets adjusted its price target on Ecolab Inc . (NYSE:) shares, reducing it to $294 from the previous $306, while keeping an Outperform rating on the stock. Currently trading at $232.41, InvestingPro analysis suggests the stock is slightly overvalued, with a P/E ratio of 32.6x and an EV/EBITDA multiple of 20.77x. The revision was based on a conservative estimate of approximately 4% organic growth for the fiscal year 2025.
This growth projection includes a 2% increase in volume and roughly 2% in pricing hikes. The forecast is underpinned by high single-digit growth in Pest Elimination and mid single-digit growth in both Water and Institutional & Specialty segments. Additionally, low to mid single-digit growth…
