ESCO Technologies Inc. (NYSE:ESE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $68.00 price objective on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.75% from the company’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 brokerages have also recently commented on ESE. BidaskClub upgraded shares of ESCO Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. FBR & Co restated an “outperform” rating on shares of ESCO Technologies in a report on Tuesday, July 11th. Finally, Wunderlich assumed coverage on shares of ESCO Technologies in a report on Tuesday, June 13th. They set a “buy” rating and a $71.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $67.00.

ESCO Technologies (NYSE:ESE) traded up 0.08% on Tuesday, reaching $60.90. 11,284 shares of the company’s stock traded hands. The company has a market cap of $1.57 billion, a PE ratio of 30.76 and a beta of 1.04. The firm’s 50 day moving average price is $56.21 and its 200 day moving average price is $58.02. ESCO Technologies has a 12 month low of $42.95 and a 12 month high of $63.80.

ESCO Technologies (NYSE:ESE) last announced its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. ESCO Technologies had a net margin of 8.06% and a return on equity of 8.36%. The firm had revenue of $172.00 million for the quarter, compared to analysts’ expectations of $172.00 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s quarterly revenue was up 22.7% on a year-over-year basis. On average, equities analysts expect that ESCO Technologies will post $2.08 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of ESCO Technologies during the 2nd quarter valued at $234,000. Piedmont Investment Advisors LLC bought a new stake in shares of ESCO Technologies during the 2nd quarter valued at $333,000. 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 valued at $39,505,000 after buying an additional 33,945 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of ESCO Technologies during the 2nd quarter valued at $44,484,000. Finally, Macquarie Group Ltd. boosted its holdings in shares of ESCO Technologies by 14.5% during the 2nd quarter. Macquarie Group Ltd. now owns 761,656 shares of the scientific and technical instruments company’s stock valued at $45,433,000 after buying an additional 96,182 shares in the last quarter. Hedge funds and other institutional investors own 94.10% of the company’s stock.

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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