The stock of ESCO Technologies Inc. (NYSE:ESE) hit a new 52-week high and has $59.54 target or 5.00% above today’s $56.70 share price. The 5 months bullish chart indicates low risk for the $1.49 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $59.54 price target is reached, the company will be worth $74.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $56.7 per share. It is down 47.69% since April 21, 2016 and is uptrending. It has outperformed by 42.37% the S&P500.
Analysts await ESCO Technologies Inc. (NYSE:ESE) to report earnings on February, 14. They expect $0.46 EPS, down 2.13% or $0.01 from last year’s $0.47 per share. ESE’s profit will be $12.09 million for 30.82 P/E if the $0.46 EPS becomes a reality. After $0.67 actual EPS reported by ESCO Technologies Inc. for the previous quarter, Wall Street now forecasts -31.34% negative EPS growth.
ESCO Technologies Inc. (NYSE:ESE) Ratings Coverage
Out of 4 analysts covering ESCO Technologies (NYSE:ESE), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. ESCO Technologies has been the topic of 6 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The rating was maintained by BB&T Capital with “Buy” on Wednesday, May 4. The rating was initiated by Euro Pacific Capital with “Buy” on Monday, October 12. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, August 12. The stock has “Sell” rating given by Zacks on Friday, August 28.
According to Zacks Investment Research, “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,”
Insitutional Activity: The institutional sentiment increased to 1.63 in Q2 2016. Its up 0.55, from 1.08 in 2016Q1. The ratio is positive, as 9 funds sold all ESCO Technologies Inc. shares owned while 42 reduced positions. 9 funds bought stakes while 46 increased positions. They now own 23.92 million shares or 0.25% more from 23.86 million shares in 2016Q1.
Ls Advisors Limited Liability last reported 0% of its portfolio in the stock. Capstone Asset Management holds 0.01% or 8,119 shares in its portfolio. Bamco Ny last reported 0% of its portfolio in the stock. West Oak Cap Lc holds 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 100 shares. Moreover, Creative Planning has 0% invested in ESCO Technologies Inc. (NYSE:ESE) for 1,500 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in ESCO Technologies Inc. (NYSE:ESE). Cramer Rosenthal Mcglynn Ltd Limited Liability Company holds 278,586 shares or 0.18% of its portfolio. The Iowa-based Principal Group has invested 0.01% in ESCO Technologies Inc. (NYSE:ESE). Susquehanna Grp Inc Llp owns 28,560 shares or 0% of their US portfolio. Blackrock Gp Limited has invested 0% of its portfolio in ESCO Technologies Inc. (NYSE:ESE). Pnc Svcs Group Inc has 0% invested in the company for 2,131 shares. First Mercantile Trust holds 0.02% of its portfolio in ESCO Technologies Inc. (NYSE:ESE) for 3,955 shares. Finemark Natl Bancshares, a Florida-based fund reported 120 shares. Blackrock Advsrs Ltd Liability Corporation accumulated 12,276 shares or 0% of the stock. Kennedy Capital Mngmt Inc reported 327,310 shares or 0.26% of all its holdings.
Insider Transactions: Since August 8, 2016, the stock had 0 insider buys, and 1 insider sale for $195,300 net activity. On Monday, August 8 the insider SOLLEY LARRY W sold $195,300.
More news for ESCO Technologies Inc. (NYSE:ESE) were recently published by: Streetinsider.com, which released: “ESCO Technologies (ESE) Acquires Mayday Manufacturing, Hi-Tech Metals” on November 07, 2016. Bizjournals.com‘s article titled: “ESCO buys Texas aerospace firm” and published on November 07, 2016 is yet another important article.
ESE Company Profile
ESCO Technologies Inc. (ESCO), incorporated on August 1990, is organized based on the services and products it offers. Under this organizational structure, the Company has three reporting divisions: Filtration or Fluid Flow (Filtration), RF Shielding and Test (Test) and Utility Solutions Group (USG). The Filtration segmentâ€™s activities consist of: PTI Technologies Inc., VACCO Industries, Crissair, Inc. and Thermoform Engineered Quality LLC. The companies within this segment design and manufacture specialty filtration products including hydraulic filter elements and fluid control devices used in commercial aerospace applications, unique filter mechanisms used in micro-propulsion devices for satellites and custom designed filters for manned aircraft and submarines. Test segment activities consist of ETS-Lindgren Inc. (ETS-Lindgren). ETS-Lindgren is an industry leader in providing its clients with the ability to identify measure and contain magnetic, electromagnetic and acoustic energy. ETS-Lindgren also makes radio frequency shielding products and components used by manufacturers of medical equipment, communications systems, electronic products, and shielded rooms for high-security data processing and secure communication.
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