B. Riley Analysts Give ESCO Technologies Inc. (ESE) a $71.00 Price Target
ESCO Technologies Inc. (NYSE:ESE) has been assigned a $71.00 price objective by equities research analysts at B. Riley in a report released on Wednesday. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. B. Riley’s price objective would suggest a potential upside of 23.59% from the stock’s current price.
Several other research analysts also recently commented on ESE. Zacks Investment Research downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub upgraded ESCO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. ESCO Technologies presently has a consensus rating of “Buy” and an average price target of $68.00.
ESCO Technologies (NYSE ESE) traded down $0.10 during mid-day trading on Wednesday, reaching $57.45. The company’s stock had a trading volume of 88,800 shares, compared to its average volume of 82,492. ESCO Technologies has a 52 week low of $50.30 and a 52 week high of $63.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.42 and a current ratio of 2.17. The company has a market capitalization of $1,486.70, a P/E ratio of 28.49 and a beta of 1.01.
ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. ESCO Technologies had a return on equity of 8.36% and a net margin of 8.06%. The company had revenue of $207.01 million for the quarter, compared to the consensus estimate of $211.02 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. ESCO Technologies’s revenue was up 29.8% on a year-over-year basis. sell-side analysts anticipate that ESCO Technologies will post 2.08 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in ESCO Technologies by 7.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,116 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 152 shares in the last quarter. Royal Bank of Canada grew its holdings in ESCO Technologies by 332.1% during the 2nd quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after buying an additional 2,381 shares in the last quarter. Amalgamated Bank purchased a new position in ESCO Technologies during the 1st quarter valued at approximately $200,000. Citadel Advisors LLC purchased a new position in ESCO Technologies during the 3rd quarter valued at approximately $201,000. Finally, Pinebridge Investments L.P. grew its holdings in ESCO Technologies by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
ESCO Technologies Company Profile
ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.
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