In a report released yesterday, Nathan Jones from Stifel Nicolaus maintained a Buy rating on ESAB Corporation (ESAB – Research Report), with a price target of $92.00. The company’s shares closed yesterday at $75.03.
Jones covers the Industrials sector, focusing on stocks such as Lindsay, Valmont, and Ingersoll Rand. According to TipRanks, Jones has an average return of 13.2% and a 61.16% success rate on recommended stocks.
In addition to Stifel Nicolaus, ESAB Corporation also received a Buy from Bank of America Securities’s Sherif El-Sabbahy in a report issued on November 1. However, on November 3, Loop Capital Markets reiterated a Hold rating on ESAB Corporation (NYSE: ESAB).
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ESAB market cap is currently $4.52B and has a P/E ratio of 21.04.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ESAB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ESAB Corporation (ESAB) Company Description:
ESAB Corp formulates, develops, manufactures and supplies consumable products and equipment for use in the cutting, joining and automated welding, as well as gas control equipment.
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