ESCO Technologies Inc. (NYSE:ESE) has been given a $71.00 target price by equities research analysts at B. Riley in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the scientific and technical instruments company’s stock. B. Riley’s price objective points to a potential upside of 23.59% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of ESCO Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub upgraded ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. ESCO Technologies has an average rating of “Buy” and an average price target of $68.00.

ESCO Technologies (ESE) traded down $0.10 during midday trading on Wednesday, hitting $57.45. The company had a trading volume of 88,800 shares, compared to its average volume of 82,492. The company has a quick ratio of 1.42, a current ratio of 2.17 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1,486.70, a PE ratio of 28.49 and a beta of 1.01. ESCO Technologies has a 12 month low of $50.30 and a 12 month high of $63.80.

ESCO Technologies (NYSE:ESE) last released its quarterly earnings data on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $207.01 million during the quarter, compared to the consensus estimate of $211.02 million. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The business’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. equities analysts anticipate that ESCO Technologies will post 2.08 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of ESCO Technologies by 46,624.3% during the first quarter. BlackRock Inc. now owns 3,078,663 shares of the scientific and technical instruments company’s stock worth $178,871,000 after acquiring an additional 3,072,074 shares during the period. Janus Henderson Group PLC purchased a new position in shares of ESCO Technologies during the second quarter worth $44,484,000. Conestoga Capital Advisors LLC raised its holdings in shares of ESCO Technologies by 212.8% during the second quarter. Conestoga Capital Advisors LLC now owns 465,779 shares of the scientific and technical instruments company’s stock worth $27,784,000 after purchasing an additional 316,885 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ESCO Technologies by 5.9% during the first quarter. Vanguard Group Inc. now owns 2,238,580 shares of the scientific and technical instruments company’s stock worth $130,062,000 after purchasing an additional 124,629 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in ESCO Technologies by 14.5% in the second quarter. Macquarie Group Ltd. now owns 761,656 shares of the scientific and technical instruments company’s stock valued at $45,433,000 after buying an additional 96,182 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

ESCO Technologies Company Profile

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

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