ESCO Technologies (ESE) Given a $71.00 Price Target at B. Riley

ESCO Technologies (NYSE:ESE) has been given a $71.00 price target by equities researchers at B. Riley in a report issued on Thursday. The firm currently has a “buy” rating on the scientific and technical instruments company’s stock. B. Riley’s price target indicates a potential upside of 15.35% from the company’s previous close.

ESE has been the subject of several other reports. Needham & Company LLC raised shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Stephens set a $65.00 target price on shares of ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. Finally, Zacks Investment Research raised shares of ESCO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. ESCO Technologies currently has a consensus rating of “Buy” and an average target price of $68.75.

ESCO Technologies (NYSE:ESE) traded down $2.95 during mid-day trading on Thursday, reaching $61.55. 143,486 shares of the company’s stock traded hands, compared to its average volume of 117,928. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.01 and a quick ratio of 1.38. The company has a market capitalization of $1,650.00, a P/E ratio of 20.65 and a beta of 0.97. ESCO Technologies has a 12 month low of $50.30 and a 12 month high of $66.80.

ESCO Technologies (NYSE:ESE) last posted its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $173.50 million during the quarter, compared to the consensus estimate of $168.53 million. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.38%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. sell-side analysts expect that ESCO Technologies will post 2.48 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of ESCO Technologies by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,260,495 shares of the scientific and technical instruments company’s stock worth $134,839,000 after buying an additional 21,915 shares during the period. KBC Group NV boosted its holdings 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 worth $565,000 after buying an additional 3,450 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of ESCO Technologies by 49.1% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,000 shares of the scientific and technical instruments company’s stock worth $660,000 after buying an additional 3,620 shares during the period. State Street Corp boosted its holdings in shares of ESCO Technologies by 5.4% during the 2nd quarter. State Street Corp now owns 662,183 shares of the scientific and technical instruments company’s stock worth $39,505,000 after buying an additional 33,945 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of ESCO Technologies by 2.6% during the 3rd quarter. Schroder Investment Management Group now owns 267,932 shares of the scientific and technical instruments company’s stock worth $16,196,000 after buying an additional 6,682 shares during the period. 96.40% of the stock is owned by institutional investors and hedge funds.

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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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