Stifel Nicolaus Lowers ESAB (NYSE:ESAB) Price Target to $125.00

ESAB (NYSE:ESAB) had its price target reduced by equities research analysts at Stifel Nicolaus from $131.00 to $125.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 3.99% from the stock’s current price.

A number of other brokerages also recently issued reports on ESAB. Oppenheimer reissued an “outperform” rating and set a $144.00 price target (up from $138.00) on shares of ESAB in a report on Friday, November 8th. Loop Capital raised their target price on ESAB from $105.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Jefferies Financial Group started coverage on ESAB in a report on Thursday, December 12th. They issued a “buy” rating and a $160.00 price target for the company. Finally, Evercore ISI lowered ESAB from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $102.00 to $122.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, ESAB currently has an average rating of “Hold” and an average target price of $132.71.

ESAB Trading Up 0.1 %

Shares of ESAB stock opened at $120.20 on Friday. The firm has a fifty day moving average price of $122.72 and a 200 day moving average price of $115.42. The stock has a market cap of $7.27 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 2.02 and a beta of 1.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.92 and a quick ratio of 1.25. ESAB has a 1 year low of $88.54 and a 1 year high of $135.97.

ESAB (NYSE:ESAB) last posted its earnings results on Thursday, February 20th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13. ESAB had a return on equity of 17.27% and a net margin of 9.47%. The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $636.43 million. Equities research analysts predict that ESAB will post 4.92 earnings per share for the current year.

Institutional Investors Weigh In On ESAB

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in ESAB by 70.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $26,000 after acquiring an additional 90 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of ESAB during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. purchased a new stake in shares of ESAB in the fourth quarter valued at approximately $36,000. Trust Co. of Vermont grew its position in shares of ESAB by 871.0% in the fourth quarter. Trust Co. of Vermont now owns 301 shares of the company’s stock valued at $36,000 after purchasing an additional 270 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in ESAB during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 91.13% of the company’s stock.

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.