Where ESAB Stands With Analysts
Portfolio Pulse from Benzinga Insights
ESAB (NYSE:ESAB) has received mixed analyst ratings over the past quarter, with 4 analysts offering diverse opinions. The average 12-month price target is $95.5, with a high of $106.00 and a low of $76.00, marking a 4.09% increase from the previous average of $91.75. Analysts from Stifel, Baird, and JP Morgan have raised their price targets. ESAB, a welding equipment manufacturer, spun off from Colfax in 2022, reported $2.6 billion in revenue and $329 million in GAAP operating income for 2022. However, the company's financial health indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management show mixed results compared to industry averages.
January 23, 2024 | 8:00 pm
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ESAB has received mixed analyst ratings with a raised average 12-month price target of $95.5. Financial health indicators present a mixed picture, with solid revenue growth but challenges in profitability and debt management.
The mixed analyst ratings and the increase in the average price target suggest a neutral short-term impact on ESAB's stock price. The financial health indicators show both positive revenue growth and areas of concern, which may lead to cautious investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100