Loop Capital Markets analyst Garik Shmois maintained a Buy rating on Carlisle Companies (CSL – Research Report) today and set a price target of $375.00. The company’s shares closed yesterday at $320.38.
According to TipRanks, Shmois is a 5-star analyst with an average return of 15.4% and a 75.66% success rate. Shmois covers the Industrials sector, focusing on stocks such as Carlisle Companies, Fortune Brands Innovations, and Masco.
Carlisle Companies has an analyst consensus of Strong Buy, with a price target consensus of $358.00, representing an 11.74% upside. In a report released on January 17, Robert W. Baird also maintained a Buy rating on the stock with a $354.00 price target.
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Based on Carlisle Companies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.26 billion and a net profit of $265.6 million. In comparison, last year the company earned a revenue of $1.5 billion and had a net profit of $254.7 million
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Carlisle Companies (CSL) Company Description:
Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.
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