Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on ESAB Corporation (ESAB – Research Report) yesterday and set a price target of $130.00. The company’s shares closed yesterday at $110.05.
According to TipRanks, Jones is a top 100 analyst with an average return of 17.0% and a 66.23% success rate. Jones covers the Industrials sector, focusing on stocks such as Lindsay, Parker Hannifin, and Valmont.
Currently, the analyst consensus on ESAB Corporation is a Moderate Buy with an average price target of $114.17, a 3.74% upside from current levels. In a report released on April 5, Robert W. Baird also maintained a Buy rating on the stock with a $121.00 price target.
Based on ESAB Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $681 million and a net profit of $57.57 million. In comparison, last year the company earned a revenue of $620.27 million and had a net profit of $52.35 million
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is neutral on the stock.
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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.
