ESCO Technologies (NYSE:ESE) has been given a $65.00 price objective by research analysts at Stephens in a research note issued on Wednesday, Marketbeat.com reports. The brokerage presently has an “equal weight” rating on the scientific and technical instruments company’s stock. Stephens’ target price suggests a potential upside of 2.36% from the stock’s current price.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded ESCO Technologies from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, October 3rd. Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Finally, B. Riley set a $71.00 target price on ESCO Technologies and gave the company a “buy” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. ESCO Technologies presently has an average rating of “Buy” and an average target price of $68.75.

ESCO Technologies (NYSE ESE) traded down $0.30 during trading on Wednesday, reaching $63.50. The company’s stock had a trading volume of 48,447 shares, compared to its average volume of 108,368. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38. ESCO Technologies has a 1-year low of $50.30 and a 1-year high of $65.95. The stock has a market cap of $1,640.00, a price-to-earnings ratio of 30.21 and a beta of 1.05.

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, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The business had revenue of $207.01 million for the quarter, compared to analyst estimates of $211.02 million. During the same quarter in the prior year, the firm posted $0.67 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. sell-side analysts forecast that ESCO Technologies will post 2.34 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. California Public Employees Retirement System lifted its position in shares of ESCO Technologies by 6.3% during the 3rd quarter. California Public Employees Retirement System now owns 39,113 shares of the scientific and technical instruments company’s stock valued at $2,345,000 after buying an additional 2,313 shares in the last quarter. Bamco Inc. NY lifted its position in shares of ESCO Technologies by 113.5% during the 3rd quarter. Bamco Inc. NY now owns 52,300 shares of the scientific and technical instruments company’s stock valued at $3,135,000 after buying an additional 27,800 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of ESCO Technologies by 5.1% during the 3rd quarter. Janus Henderson Group PLC now owns 783,565 shares of the scientific and technical instruments company’s stock valued at $46,975,000 after buying an additional 37,812 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of ESCO Technologies by 11.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 366,375 shares of the scientific and technical instruments company’s stock valued at $21,964,000 after buying an additional 39,101 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of ESCO Technologies by 57.7% during the 3rd quarter. KBC Group NV now owns 9,430 shares of the scientific and technical instruments company’s stock valued at $565,000 after buying an additional 3,450 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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About ESCO Technologies

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.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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