Carlisle Companies Receives Buy Rating from KeyCorp (CSL)
Carlisle Companies (NYSE:CSL)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued on Friday. They currently have a $97.00 price objective on the stock, up from their previous price objective of $95.00. KeyCorp’s target price suggests a potential upside of 17.63% from the stock’s previous close.
Separately, analysts at FBR Capital Markets raised their price target on shares of Carlisle Companies from $95.00 to $100.00 in a research note on Friday, June 20th. They now have an “outperform” rating on the stock.
Shares of Carlisle Companies (NYSE:CSL) traded up 0.33% on Friday, hitting $82.73. 30,019 shares of the company’s stock traded hands. Carlisle Companies has a 52 week low of $65.85 and a 52 week high of $88.36. The stock has a 50-day moving average of $83.00 and a 200-day moving average of $82.02. The company has a market cap of $5.305 billion and a price-to-earnings ratio of 21.01.
Carlisle Companies (NYSE:CSL) last released its earnings data on Tuesday, July 22nd. The company reported $1.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.19 by $0.04. The company had revenue of $859.50 million for the quarter, compared to the consensus estimate of $871.40 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Carlisle Companies will post $4.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Monday, August 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Thursday, August 14th. This is a boost from Carlisle Companies’s previous quarterly dividend of $0.22.
Carlisle Companies Incorporated (NYSE:CSL) is a holding company for Carlisle Corporation, and its wholly owned subsidiaries.
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