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Wednesday, September 30, 2020

The Unprecedented Rise of Kimberly-Clark Corporation (NYSE:KMB)

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The Kimberly-Clark Corporation (KMB) shares are trading at higher $143.96 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $148.91.

To add more color to this target, the company’s high over the last year is $149.23 and the low is $110.66. Over the last 52 weeks, KMB is down -3.53% while the S&P 500 is up 1.30%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, KMB reported a profit of $1.79 billion. Kimberly-Clark Corporation also saw revenues increase to $5.01 billion. In addition, KMB has free cash flow of $352.0 million as of 03-2020. The company’s EBITDA came in at $1.12 billion which compares well with its peers.

KMB booked profit margins of 12.60%, and its Return on Assets is 15.40%. All told, it is clear that, KMB needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. KMB has a short ratio of 3.54 and outstanding shares of 341.40M.

Company Outlook

KMB has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 6.85. Kimberly-Clark Corporation KMB also noted assets of $15.68 billion at the end of the last quarter. Investors should also keep an eye on sector updates as KMB has historically followed its peers on positive news.

All told, Kimberly-Clark Corporation KMB has strung together solid data and demonstrated underlying fundamentals. At its current valuation, KMB represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Kimberly-Clark Corporation KMB is now commanding a market cap of 48.68B and a float of 339.38M. KMB is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of KMB stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in KMB, either long or short, and we have not been compensated for this article.

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