10 Best 52-Week Low Blue Chip Stocks to Buy Now

Page 2 of 10

9. Kimberly-Clark Corporation (NASDAQ:KMB)

Market Price: $127.93

52-week Low: $124.1

Number of Hedge Fund Holders: 45

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the Best 52-Week Low Blue Chip Stocks to Buy Now. On July 18, Piper Sandler assumed coverage of the company’s stock with an “Overweight” rating and a price objective of $144, as reported by The Fly. As per the firm’s analyst, the company remains well-placed for long-term growth given its exposure to premium personal care categories. Furthermore, the firm sees Kimberly-Clark Corporation (NASDAQ:KMB)’s valuation as undemanding.

Kimberly-Clark Corporation (NASDAQ:KMB) has also announced that it entered into an agreement with Suzano to form a strategic partnership, establishing a preeminent international tissue and professional products company and sharpening Kimberly-Clark Corporation (NASDAQ:KMB)’s emphasis on the higher growth, higher margin businesses. After the completion of the transaction, Kimberly-Clark Corporation (NASDAQ:KMB) will reduce its exposure to more volatile input costs. This will enhance its ability to deliver more predictable and consistent margins and profit growth.

As per Nelson Urdaneta, Kimberly-Clark Corporation (NASDAQ:KMB)’s Chief Financial Officer, the transaction generates immediate returns and long-term shareholder value as the company captures the upside from a healthier international tissue and professional franchise and accelerates growth and innovation.

Page 2 of 10