ESAB (NYSE:ESAB) Rating Increased to Buy at Wall Street Zen

ESAB (NYSE:ESAB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other brokerages also recently issued reports on ESAB. Weiss Ratings downgraded shares of ESAB from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Roth Capital assumed coverage on shares of ESAB in a research note on Friday, September 5th. They issued a “buy” rating and a $150.00 target price for the company. UBS Group increased their target price on ESAB from $147.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Stifel Nicolaus boosted their price target on ESAB from $141.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Loop Capital raised ESAB from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $140.00 in a research report on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

ESAB Trading Up 0.0%

NYSE ESAB opened at $113.75 on Friday. ESAB has a one year low of $100.17 and a one year high of $135.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.99 and a quick ratio of 1.24. The firm has a market cap of $6.91 billion, a P/E ratio of 28.65, a P/E/G ratio of 2.21 and a beta of 1.24. The stock’s 50-day moving average is $114.19 and its 200-day moving average is $117.60.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC bought a new stake in shares of ESAB during the third quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. grew its holdings in ESAB by 109.4% in the 2nd 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 during the 3rd quarter worth $58,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of ESAB during the second quarter worth $59,000. Finally, Farther Finance Advisors LLC boosted its position in shares of ESAB by 60.4% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $75,000 after acquiring an additional 252 shares during the period. 91.13% of the stock is owned by institutional investors.

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.