In July, ECL announced it would acquire Nalco Holding Company, a water treatment and process improvement company, for a total consideration of $8.04 billion in a stock and cash deal, according to Bloomberg. The deal closed at the end of November.Ecolab said the deal identified cost synergies of $150 million and attractive revenue opportunities. The transaction is expected to be accretive to EPS in 2012 and subsequent years, leading to double-digit growth rates for the company, Ecolab said. Of the 18 analysts covering Ecolab, 67% rate the stock a buy. On average, analysts polled by Bloomberg expect the stock to gain an average of 8.8% to $61.92 in the coming 12 months.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts