You should consider shares of Gogo Inc. (NASDAQ:GOGO) and Ecolab Inc. (NYSE:ECL) if you are looking for a great stocks to invest in. Starting with the GOGO shares, which traded at $5.48 at the close of the recent session, gaining 2.62%. On Tuesday, the company’s shares shed $0.14 from its value which represented in intraday trading. The stock is now 29.55% higher in year-to-date (YTD) trading. GOGO’s intraday high was $5.49 while its lowest price touched $5.19. The stock’s 52-week high price is $7.23, which means the current price is at -24.20%. In terms of trading activity, the daily trading volume fell to 1127401 against 200-day average trading volume of 1,607,572 shares.
What are analyst forecasts for Gogo Inc. (NASDAQ:GOGO)?
At a consensus rating of 3.57, GOGO is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 7 analysts recommended, on average, that GOGO stock is a Moderate Buy. The Technology company’s shares’ overall bullish trend saw it close higher on Tuesday compared to its opening price of $5.27 on the day.
Forecasts for Gogo Inc. (NASDAQ:GOGO) give the stock a fair value for the growth of 21.71% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $7.00, which means the price per share could rise by nearly $1.52. The price range target is between a low of $3.00 and a high of $10.00. The stock would need to gain by about $45.2 to hit the estimated high or 0.48% from its 12-month low.
The consensus among 7 analysts is that it is a good time for one to Overweight in the Gogo Inc. 3 analysts rate GOGO as a Buy, with 1 of 7 analysts rate it as a Sell. 0 have valued the stock as Overweight and 3 have recommended that investors Hold.
Gogo Inc. (NASDAQ:GOGO) Upgrades and Downgrades
In terms of rating changes, ROTH Capital on May 13, 2019, Initiated Gogo Inc. (GOGO) at Buy. They believe the stock could reach $10 in the near term. Analysts at William Blair have assigned a Outperform rating for the stock in their research note on May 10, 2019. Moreover, Cowen analysts issued a rating of Outperform for the stock on April 18, 2019, giving it a price target of $7 for the next 12 months. On July 24, 2018, the stock earned a Mkt Perform rating due to an analyst call from Raymond James, while analysts from William Blair on July 17, 2018 suggested that the stock is Mkt Perform.
Ecolab Inc. (NYSE:ECL) adds $0.18 on Tuesday
The ECL stock has risen 25.78% year-to-date and is currently trading at $185.34, which is -11.69% below its 52-week high. The company shares gained 0.10% on the day and have risen nearly 36.51% off a low hit. At current levels, Ecolab Inc. has a valuation of about $14.84B. As of 12/03/19, this stock has risen 1.80% during the week and closed at $185.16 in the previous session. However, recent Ecolab Inc. stock performance shows that ECL shares are -2.95% down over the last month, and -10.39% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $1.53, with the trailing 12-month share earnings at $5.43. The ratio is expected to be up by 11.60% for the current year 2019 and 11.60% for next year. Over the next 5-year period, earnings per share will be 13.20%. But will the ECL stock surprise in the current quarter results, where the $1.71 actual EPS reported on 9/29/2019 surprised by 0.00% or was lower by $0 from the estimated $1.71.
Sales Growth to climb 3.40% for the year
How well will Ecolab Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $3.81B and $4B in current quarter sales. The consensus estimated for the current quarter is $3.88B from sales. Forecasts for this fiscal year are between $14.9B and $15.09B and the consensus estimate for sales is at $14.98B. ECL has its next quarter sales estimates at between $3.6B and $3.66B, with the quarter-over-quarter growth estimates at 3.50% and the annual growth forecast for the year at 3.40%.
Who owns shares in Ecolab Inc. (ECL)?
Let’s briefly focus on the share ownership of the Ecolab Inc. (NYSE:ECL) stock, where we find that 88.34% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 22.39 million shares or 7.77% of shares outstanding. Blackrock Inc. and State Street Corporation held 18.96 million and 11.54 million representing 6.58% and 4.00% respectively at the close of the last trading session. As of Sep 29, 2019, Morgan Stanley accounted for 9.38 million shares at over 1.86 billion. This represented 3.25% of shares outstanding. Edgewood Management Company held 5.76 million shares at over 1.14 billion representing 2.00% of shares outstanding.
ECL Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Ecolab Inc. (ECL), a total of 162214 shares have been sold by insiders over the last 6 months while 144117 shares were added in the same time span. On 8/01/2019, by the name Blanco Alex N sold 51400.0 shares worth $10.4 million at the price of $203.07 per share. Filings also show that Hickey Michael A sold a total of 36771.0 shares on 6/05/2019 valued at $7.0 million. Since the last insider activity, the company’s share price has dropped -4.12%.