Zacks Upgrades ESCO Technologies to “Neutral” (ESE)
ESCO Technologies (NYSE:ESE) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a $33.60 target price on the stock. Zacks‘ target price indicates a potential upside of 2.38% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Wedbush cut their price target on shares of ESCO Technologies from $45.00 to $40.00 in a research note to investors on Monday, August 12th. Separately, analysts at Canaccord Genuity cut their price target on shares of ESCO Technologies from $38.00 to $34.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Finally, analysts at Needham & Company downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. They now have a $42.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $37.77.
ESCO Technologies (NYSE:ESE) traded up 0.52% on Wednesday, hitting $32.99. The stock had a trading volume of 49,184 shares. ESCO Technologies has a 1-year low of $30.25 and a 1-year high of $42.42. The stock has a 50-day moving average of $32.08 and a 200-day moving average of $33.90. The company has a market cap of $872.3 million and a P/E ratio of 36.39.
ESCO Technologies (NYSE:ESE) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.22. The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $188.63 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that ESCO Technologies will post $1.30 earnings per share for the current fiscal year.
ESCO Technologies Inc (NYSE:ESE) is a producer of engineered products and systems sold to customers worldwide, primarily for utility, industrial, aerospace and commercial applications.
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