ESAB (NYSE:ESAB) Price Target Raised to $143.00

ESAB (NYSE:ESAB) had its target price boosted by investment analysts at Stifel Nicolaus from $141.00 to $143.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 24.61% from the stock’s current price.

A number of other research analysts also recently weighed in on ESAB. Wall Street Zen raised ESAB from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Roth Capital started coverage on shares of ESAB in a research report on Friday, September 5th. They set a “buy” rating and a $150.00 target price for the company. Loop Capital upgraded shares of ESAB from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $140.00 in a research report on Friday, August 22nd. Zacks Research lowered ESAB from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ESAB in a research report on Monday, December 8th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, ESAB presently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

ESAB Stock Down 0.6%

Shares of NYSE:ESAB traded down $0.69 during trading on Tuesday, reaching $114.76. 55,485 shares of the stock traded hands, compared to its average volume of 378,011. The stock has a market cap of $6.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99. The stock has a 50-day moving average of $114.54 and a two-hundred day moving average of $117.78. ESAB has a 52-week low of $100.17 and a 52-week high of $135.84.

ESAB (NYSE:ESAB) last posted its earnings results on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. ESAB had a return on equity of 15.93% and a net margin of 8.70%.The business had revenue of $727.85 million during the quarter, compared to analyst estimates of $663.57 million. During the same quarter last year, the company earned $1.25 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. As a group, sell-side analysts expect that ESAB will post 5.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ESAB

Large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in shares of ESAB in the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. raised its holdings in ESAB by 109.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after buying an additional 174 shares during the period. AlphaQuest LLC bought a new stake in ESAB in the third quarter worth $58,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in ESAB in the second quarter worth $59,000. Finally, Farther Finance Advisors LLC boosted its stake in ESAB by 60.4% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $75,000 after buying an additional 252 shares during the period. 91.13% of the stock is owned by institutional investors.

ESAB Company Profile

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.