1 week Ago By ABMN Staff
Shares of ESAB Co. ( NYSE:ESAB – Get Free Report ) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company.
The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $135.75. ESAB has been the topic of a number of recent analyst reports.
Jefferies Financial Group assumed coverage on shares of ESAB in a report on Thursday, December 12th. They set a “buy” rating and a $160.00 price target on the stock.
Evercore ISI upgraded shares of ESAB from an “underperform” rating to an “inline” rating and dropped their target price for the stock from $122.00 to $120.00 in a report on Monday, February 24th.
UBS Group raised shares of ESAB from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $123.00 to $147.00 in a research report on Tuesday.
JPMorgan Chase & Co. increased their price target on ESAB from $133.00 to $140.
00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Finally, Stifel Nicolaus dropped their price target on ESAB from $131.00 to $125.
00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Read Our Latest Research Report on ESAB Hedge Funds Weigh In On ESAB ESAB Stock Performance ESAB stock opened at $112.95 on Friday.
The stock’s 50 day simple moving average is $122.15 and its 200 day simple moving average is $120.09.
The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.
59. ESAB has a 12-month low of $88.54 and a 12-month high of $135.
97. The stock has a market capitalization of $6.84 billion, a PE ratio of 26.
14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36.
ESAB ( NYSE:ESAB – Get Free Report ) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
15 by $0.13. ESAB had a return on equity of 17.
43% and a net margin of 9.66%. The firm had revenue of $633.
20 million for the quarter, compared to the consensus estimate of $636.43 million. As a group, research analysts forecast that ESAB will post 5.
16 earnings per share for the current fiscal year. ESAB Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.
08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.
28%. The ex-dividend date of this dividend is Friday, April 4th. ESAB’s dividend payout ratio is presently 7.
41%. ESAB Company Profile ( Get Free Report 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.
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