UBS Maintains a 'Neutral' on Kimberly Clark (KMB); Good Results in Tough Environment

July 27, 2012 3:15 PM EDT
Get Alerts KMB Hot Sheet
Price: $115.96 -0.38%

Rating Summary:
    4 Buy, 12 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 32 | New: 34
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UBS maintains a 'Neutral' on Kimberly Clark (NYSE: KMB) price target of $83.00 (from $82.00).

Analyst, Gail S. Glazerman, said, "KMB earned $1.30 in 2Q12, up from $1.18 last year. Our estimate was $1.30. Consensus was $1.28...Sales were fairly flat y/y. All segments improved y/y. KMB raised their 2012 EPS guidance by $0.05 to $5.05-5.20. This assumes about 1% stronger volume but 1% incremental pressure from currency. They lowered their inflation forecast (by $50mm at midpoint) but expect these benefits to effectively be offset by currency. However, we find their pulp guidance remains conservative...We are encouraged by higher guidance, but believe much of upside is reflected in shares are current levels."

FY12 EPS estimate raised slightly from $5.15 to $5.18 and FY13 from $5.53 to $5.56.

For an analyst ratings summary and ratings history on Kimberly Clark click here. For more ratings news on Kimberly Clark click here.

Shares of Kimberly Clark closed at $85.72 yesterday.

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