Carlisle Companies (CSL) Upgraded to “Buy” at Oppenheimer
Carlisle Companies (NYSE:CSL) was upgraded by research analysts at Oppenheimer to a “buy” rating in a report released on Wednesday. The firm currently has a $125.00 price target on the conglomerate’s stock. Oppenheimer’s price target would indicate a potential upside of 16.99% from the company’s current price. Oppenheimer also issued estimates for Carlisle Companies’ FY2019 earnings at $7.05 EPS and FY2020 earnings at $8.15 EPS.
Other analysts have also issued reports about the stock. UBS Group raised shares of Carlisle Companies from a “market perform” rating to an “outperform” rating in a research report on Monday, December 17th. ValuEngine lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Carlisle Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. B. Riley set a $145.00 price target on shares of Carlisle Companies and gave the company a “buy” rating in a research report on Friday, October 19th. Finally, Longbow Research raised shares of Carlisle Companies from a “neutral” rating to a “buy” rating and set a $122.00 price target for the company in a research report on Tuesday, November 13th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.00.
Shares of Carlisle Companies stock opened at $106.85 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 2.55 and a debt-to-equity ratio of 0.59. Carlisle Companies has a 1 year low of $92.16 and a 1 year high of $129.47. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02.
Several hedge funds have recently added to or reduced their stakes in CSL. Jefferies Group LLC raised its position in shares of Carlisle Companies by 63.1% in the 3rd quarter. Jefferies Group LLC now owns 16,916 shares of the conglomerate’s stock valued at $2,060,000 after purchasing an additional 6,546 shares during the last quarter. Bridgewater Associates LP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $1,188,000. Marshall Wace LLP raised its position in shares of Carlisle Companies by 20.2% in the 2nd quarter. Marshall Wace LLP now owns 19,106 shares of the conglomerate’s stock valued at $2,069,000 after purchasing an additional 3,210 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $265,000. Finally, Caxton Associates LP purchased a new position in shares of Carlisle Companies in the 3rd quarter valued at approximately $519,000. 87.31% of the stock is owned by institutional investors and hedge funds.
About Carlisle Companies
Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.
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