ESCO Technologies (ESE) Upgraded at Zacks Investment Research

ESCO Technologies (NYSE:ESE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $69.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.47% from the stock’s previous close.

According to Zacks, “Nexus Energy Software, a subsidiary of ESCO Technologies Inc., enables the vision of what energy information can accomplish for the twenty first Century Utility by transforming both energy company and customer views of energy. Nexus’ leading, proven-at-scale solutions support customer interactions via self-service and the contact center, while enhancing operating functions with analytic applications that integrate meter, customer, and asset data. Nexus’ ENERGYprism, Energy Vision and Nexus MDMS product lines are in use at over eighty five energy companies worldwide, supporting millions of interactions and transactions each year, “

A number of other research firms also recently commented on ESE. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of ESCO Technologies in a research note on Wednesday, January 31st. Stephens set a $65.00 target price on shares of ESCO Technologies and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Finally, Needham & Company LLC upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.00.

ESCO Technologies (NYSE ESE) traded up $0.70 during trading on Monday, hitting $61.90. 102,279 shares of the stock were exchanged, compared to its average volume of 117,777. ESCO Technologies has a one year low of $50.30 and a one year high of $66.80. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 2.10. The firm has a market cap of $1,570.00, a P/E ratio of 20.77 and a beta of 0.97.

ESCO Technologies (NYSE:ESE) last posted its quarterly earnings data on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. ESCO Technologies had a net margin of 10.89% and a return on equity of 8.20%. The company had revenue of $173.50 million during the quarter, compared to the consensus estimate of $168.53 million. During the same period in the prior year, the business posted $0.47 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. analysts expect that ESCO Technologies will post 2.65 earnings per share for the current year.

A number of large investors have recently modified their holdings of ESE. PNC Financial Services Group Inc. lifted its stake in ESCO Technologies by 2.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock valued at $129,000 after purchasing an additional 42 shares during the last quarter. Regal Wealth Group Inc. acquired a new stake in ESCO Technologies in the 4th quarter valued at about $167,000. Royal Bank of Canada lifted its stake in ESCO Technologies by 332.1% in the 2nd quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after purchasing an additional 2,381 shares during the last quarter. Citadel Advisors LLC acquired a new stake in ESCO Technologies in the 3rd quarter valued at about $201,000. Finally, Amalgamated Bank lifted its stake in ESCO Technologies by 1.1% in the 2nd quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company’s stock.

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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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