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Tuesday, October 27, 2020

Kimberly-Clark Corporation (NYSE:KMB) Stock is Soaring, Here is Why

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Kimberly-Clark Corporation (KMB) shares are trading at higher $154.22 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $159.58.

To add more color to this target, the company’s high over the last year is $160.16 and the low is $110.66. Over the last 52 weeks, KMB is up 14.15% while the S&P 500 is up 18.31%. 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 $1.78 billion. Kimberly-Clark Corporation also saw revenues increase to $4.61 billion. In addition, KMB has free cash flow of $1.65 billion as of 06-2020. The company’s EBITDA came in at $1.13 billion which compares well with its peers.

KMB booked profit margins of 13.60%, and its Return on Assets is 16.50%. 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 4.22 and outstanding shares of 340.90M.

Company Outlook

KMB has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 7.44. Kimberly-Clark Corporation KMB also noted assets of $16.17 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 51.84B and a float of 339.88M. 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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