ESCO Technologies (NYSE:ESE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The firm currently has a $69.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.24% 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, “

ESE has been the topic of several other reports. Needham & Company LLC raised ESCO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. B. Riley set a $71.00 target price on ESCO Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Stephens set a $65.00 target price on ESCO Technologies and gave the stock an “equal weight” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Shares of ESCO Technologies (ESE) opened at $60.40 on Monday. ESCO Technologies has a 52-week low of $50.30 and a 52-week high of $66.80. The company has a quick ratio of 1.36, a current ratio of 2.10 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,581.71, a price-to-earnings ratio of 20.20 and a beta of 0.97.

ESCO Technologies (NYSE:ESE) last issued its earnings results on Tuesday, February 6th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. ESCO Technologies had a return on equity of 8.20% and a net margin of 10.89%. The firm had revenue of $173.50 million for the quarter, compared to analyst estimates of $168.53 million. During the same period last year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. equities analysts anticipate that ESCO Technologies will post 2.65 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of ESCO Technologies by 1.0% during the second quarter. Vanguard Group Inc. now owns 2,260,495 shares of the scientific and technical instruments company’s stock valued at $134,839,000 after purchasing an additional 21,915 shares during the period. KBC Group NV increased its holdings in shares of ESCO Technologies by 57.7% during the third quarter. KBC Group NV now owns 9,430 shares of the scientific and technical instruments company’s stock valued at $565,000 after purchasing an additional 3,450 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of ESCO Technologies by 49.1% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,000 shares of the scientific and technical instruments company’s stock valued at $660,000 after purchasing an additional 3,620 shares during the period. State Street Corp increased its holdings in shares of ESCO Technologies by 5.4% during the second quarter. State Street Corp now owns 662,183 shares of the scientific and technical instruments company’s stock valued at $39,505,000 after purchasing an additional 33,945 shares during the period. Finally, Schroder Investment Management Group increased its holdings in shares of ESCO Technologies by 2.6% during the third quarter. Schroder Investment Management Group now owns 267,932 shares of the scientific and technical instruments company’s stock valued at $16,196,000 after purchasing an additional 6,682 shares during the period. 96.31% of the stock is currently owned by institutional investors.

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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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