Stifel Nicolaus Increases ESAB (NYSE:ESAB) Price Target to $144.00

ESAB (NYSE:ESAB) had its price objective hoisted by Stifel Nicolaus from $143.00 to $144.00 in a report released on Friday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 19.12% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of ESAB from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ESAB in a research note on Monday, December 29th. UBS Group boosted their target price on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Oppenheimer increased their price target on ESAB from $142.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wall Street Zen lowered ESAB from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $142.13.

ESAB Price Performance

ESAB stock opened at $120.88 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.24 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $7.34 billion, a P/E ratio of 30.45, a PEG ratio of 2.10 and a beta of 1.24. The business has a 50-day moving average of $113.94 and a 200-day moving average of $116.55. ESAB has a 1 year low of $100.17 and a 1 year high of $135.84.

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

Institutional Trading of ESAB

Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in shares of ESAB in the 3rd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. boosted its stake in ESAB by 109.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 333 shares of the company’s stock valued at $40,000 after buying an additional 174 shares in the last quarter. AlphaQuest LLC bought a new position in ESAB in the third quarter valued at about $58,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in ESAB in the second quarter valued at about $59,000. Finally, Farther Finance Advisors LLC raised its stake in ESAB by 60.4% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $75,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

About ESAB

ESAB Corporation is a global leader in welding, cutting and gas control technologies, offering a comprehensive portfolio of equipment, consumables and automation solutions. The company’s products include welding power sources, cutting machines, torches, electrodes, filler metals and gas regulating equipment designed to meet the needs of diverse industries. ESAB serves sectors such as construction, shipbuilding, automotive, energy, infrastructure and manufacturing, providing both standard and customized solutions to enhance productivity and quality in metal fabrication and processing.

Founded in 1904 by Swedish inventor Oscar Kjellberg, ESAB pioneered the development of coated welding electrodes, laying the groundwork for modern welding practices.