ESCO Technologies (NYSE:ESE) received a $65.00 price target from equities researchers at Stephens in a research note issued on Wednesday. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Stephens’ price objective points to a potential upside of 4.84% from the stock’s current price.

ESE has been the subject of a number of other reports. Zacks Investment Research downgraded ESCO Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley set a $71.00 target price on ESCO Technologies and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Needham & Company LLC upgraded ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $68.75.

Shares of ESCO Technologies (ESE) traded down $1.05 during trading on Wednesday, reaching $62.00. The company’s stock had a trading volume of 178,400 shares, compared to its average volume of 86,011. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 2.01. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $65.95. The firm has a market cap of $1,628.95, a P/E ratio of 29.46 and a beta of 1.05.

ESCO Technologies (NYSE:ESE) last issued its quarterly earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The firm had revenue of $207.01 million during the quarter, compared to the consensus estimate of $211.02 million. During the same period last year, the business posted $0.67 EPS. The business’s revenue was up 29.8% compared to the same quarter last year. analysts forecast that ESCO Technologies will post 2.34 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of 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 buying an additional 42 shares during the period. Royal Bank of Canada grew its stake in shares of 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 buying an additional 2,381 shares during the period. Citadel Advisors LLC acquired a new stake in shares of ESCO Technologies in the 3rd quarter valued at about $201,000. Pinebridge Investments L.P. grew its stake in shares of ESCO Technologies by 1.4% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 47 shares during the period. Finally, Amalgamated Bank lifted its position 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 acquiring an additional 39 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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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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