ESAB (NYSE:ESAB) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

ESAB (NYSE:ESAB) had its target price boosted by investment analysts at Stifel Nicolaus from $141.00 to $143.00 in a report issued on Tuesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 26.91% from the stock’s previous close.

ESAB has been the subject of a number of other reports. Wall Street Zen raised ESAB from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. increased their price objective on ESAB from $138.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of ESAB from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Loop Capital upgraded shares of ESAB from a “hold” rating to a “buy” rating and increased their target price for the stock from $130.00 to $140.00 in a research report on Friday, August 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ESAB in a research report on Monday, December 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, ESAB has a consensus rating of “Moderate Buy” and a consensus target price of $141.50.

ESAB Trading Down 1.5%

Shares of ESAB stock opened at $112.68 on Tuesday. The firm has a fifty day moving average of $114.34 and a 200-day moving average of $117.69. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 28.38, a P/E/G ratio of 2.22 and a beta of 1.24. ESAB has a 52-week low of $100.17 and a 52-week high of $135.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.24 and a current ratio of 1.99.

ESAB (NYSE:ESAB) last posted its earnings results on Wednesday, October 29th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. ESAB had a net margin of 8.70% and a return on equity of 15.93%. The business had revenue of $727.85 million for the quarter, compared to analysts’ expectations of $663.57 million. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. On average, equities research analysts forecast that ESAB will post 5.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of ESAB during the first quarter worth $24,511,000. Russell Investments Group Ltd. boosted its stake in ESAB by 0.5% during the 1st quarter. Russell Investments Group Ltd. now owns 76,771 shares of the company’s stock worth $8,944,000 after acquiring an additional 372 shares during the last quarter. Ethic Inc. grew its holdings in ESAB by 20.5% during the first quarter. Ethic Inc. now owns 11,912 shares of the company’s stock valued at $1,440,000 after purchasing an additional 2,027 shares during the period. Northern Trust Corp increased its stake in ESAB by 0.6% in the first quarter. Northern Trust Corp now owns 544,929 shares of the company’s stock valued at $63,484,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in ESAB by 42.0% in the first quarter. Champlain Investment Partners LLC now owns 1,929,099 shares of the company’s stock worth $224,740,000 after purchasing an additional 570,895 shares during the period. 91.13% of the stock is currently owned by institutional investors.

About ESAB

ESAB Corporation engages in the formulation, development, manufacture, and supply of consumable products and equipment for use in cutting, joining, automated welding, and gas control equipment. Its comprehensive range of welding consumables includes electrodes, cored and solid wires, and fluxes using a range of specialty and other materials; and cutting consumables comprising electrodes, nozzles, shields, and tips.