ESAB (NYSE:ESAB) Stock Price Target Lowered at JPMorgan Chase & Co.

ESAB (NYSE:ESAB) had its target price decreased by research analysts at JPMorgan Chase & Co. from $125.00 to $95.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 46.47% from the stock’s previous close.

Several other research firms also recently issued reports on ESAB. Roth Capital reiterated a “buy” rating and issued a $133.00 price objective (down from $151.00) on shares of ESAB in a report on Tuesday, September 15th. Oppenheimer lowered their target price on ESAB from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. DA Davidson assumed coverage on ESAB in a research report on Monday, June 15th. They issued a “buy” rating and a $130.00 target price for the company. Weiss Ratings downgraded ESAB from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus cut their price target on shares of ESAB from $141.00 to $137.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.86.

ESAB Trading Down 3.4%

ESAB stock traded down $2.26 during trading on Thursday, hitting $64.86. The company had a trading volume of 2,511,645 shares, compared to its average volume of 699,692. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 0.99. ESAB has a 1-year low of $62.74 and a 1-year high of $137.42. The company’s 50 day simple moving average is $76.51 and its 200-day simple moving average is $88.31.

ESAB (NYSE:ESAB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.04). ESAB had a return on equity of 14.48% and a net margin of 5.75%.The firm had revenue of $807.63 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. ESAB has set its FY 2026 guidance at 5.400-5.500 EPS. As a group, analysts expect that ESAB will post 5.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Rhonda L. Jordan sold 1,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the sale, the director directly owned 1,000 shares in the company, valued at approximately $95,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of ESAB in the 2nd quarter valued at approximately $22,938,000. Medina Value Partners LLC acquired a new position in shares of ESAB during the second quarter worth $22,234,753. Tidal Investments LLC acquired a new position in shares of ESAB during the second quarter worth $2,195,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in ESAB in the second quarter valued at $51,843,000. Finally, Walleye Capital LLC increased its holdings in ESAB by 506.4% in the first quarter. Walleye Capital LLC now owns 30,399 shares of the company’s stock valued at $2,938,000 after buying an additional 25,386 shares during the last quarter. 91.13% of the stock is owned by institutional investors and hedge funds.

About ESAB

ESAB Corporation (NYSE: ESAB) is a global provider of welding and cutting technologies. The company develops and manufactures equipment, consumable products and related solutions used to join, cut and protect metals in industrial, construction, infrastructure, transportation and other applications.

Its product portfolio includes welding systems, cutting machines, welding electrodes and wires, gas-control equipment, automation technologies, protective equipment and accessories. ESAB markets its products under brands that include ESAB, Victor, Tweco, Stoody and Thermal Dynamics, serving customers through direct sales, distributors and other channels.

The company traces its origins to 1904, when Swedish inventor Oscar Kjellberg developed a coated welding electrode.