ESAB Corporation (NYSE:ESAB) Receives $141.50 Average Price Target from Analysts

by · The Cerbat Gem

Shares of ESAB Corporation (NYSE:ESAB – Get Free Report) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $141.50.

ESAB has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of ESAB from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of ESAB in a research report on Monday. Roth Capital initiated coverage on ESAB in a research report on Friday, September 5th. They set a “buy” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on ESAB from $138.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, UBS Group increased their price objective on ESAB from $147.00 to $149.00 and gave the company a “buy” rating in a report on Monday, October 20th.

Read Our Latest Report on ESAB

Hedge Funds Weigh In On ESAB

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new stake in ESAB in the first quarter valued at approximately $2,642,000. Vident Advisory LLC increased its holdings in shares of ESAB by 22.4% during the 1st quarter. Vident Advisory LLC now owns 4,124 shares of the company’s stock worth $480,000 after acquiring an additional 756 shares during the last quarter. Quarry LP raised its stake in ESAB by 637.2% in the 1st quarter. Quarry LP now owns 1,268 shares of the company’s stock valued at $148,000 after acquiring an additional 1,096 shares during the period. Graham Capital Management L.P. acquired a new stake in ESAB during the 1st quarter valued at $1,876,000. Finally, Royal Bank of Canada lifted its holdings in ESAB by 29.4% during the 1st quarter. Royal Bank of Canada now owns 51,867 shares of the company’s stock valued at $6,042,000 after purchasing an additional 11,772 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

ESAB Price Performance

Shares of ESAB opened at $111.77 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.99 and a debt-to-equity ratio of 0.62. ESAB has a twelve month low of $100.17 and a twelve month high of $135.84. The stock has a market capitalization of $6.79 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.17 and a beta of 1.24. The company has a 50 day moving average of $112.80 and a 200-day moving average of $116.86.

ESAB (NYSE:ESAB – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. ESAB has set its FY 2025 guidance at 5.200-5.30 EPS. As a group, equities research analysts forecast that ESAB will post 5.16 EPS for the current fiscal year.

ESAB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. ESAB’s payout ratio is currently 10.08%.

ESAB Company Profile

(Get Free Report)

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.

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