ESAB Corporation (ESAB)
NYSE: ESAB · IEX Real-Time Price · USD
92.60
-0.16 (-0.17%)
Jul 2, 2024, 4:00 PM EDT - Market closed
ESAB Corporation Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for ESAB Corporation stock have an average target of 98.63, with a low estimate of 73 and a high estimate of 125. The average target predicts an increase of 6.51% from the current stock price of 92.60.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ESAB stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 2 | 2 | 2 | 3 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Initiates $115 | Buy | Initiates | $115 | +24.19% | Jun 20, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $111 → $125 | Hold → Buy | Upgrades | $111 → $125 | +34.99% | Mar 18, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $93 → $100 | Hold | Maintains | $93 → $100 | +7.99% | Mar 5, 2024 |
| JP Morgan | JP Morgan | Hold Maintains n/a | Hold | Maintains | n/a | n/a | Mar 1, 2024 |
| Stifel | Stifel | Strong Buy Maintains $106 → $114 | Strong Buy | Maintains | $106 → $114 | +23.11% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
2.80B
from 2.77B
Increased by 0.91%
Revenue Next Year
2.94B
from 2.80B
Increased by 5.11%
EPS This Year
5.05
from 3.36
Increased by 50.37%
EPS Next Year
5.59
from 5.05
Increased by 10.69%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.0B | 3.1B | 3.1B | 3.3B | 3.4B |
| Avg | 2.8B | 2.9B | 3.0B | 3.2B | 3.3B |
| Low | 2.6B | 2.7B | 2.9B | 3.0B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.0% | 11.9% | 5.5% | 8.4% | 8.0% |
| Avg | 0.9% | 5.1% | 2.1% | 4.9% | 4.9% |
| Low | -5.3% | -1.9% | -2.2% | 0.4% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 5.27 | 5.93 | 6.26 | 6.93 | 7.76 |
| Avg | 5.05 | 5.59 | 6.05 | 6.70 | 7.54 |
| Low | 4.80 | 5.17 | 5.78 | 6.40 | 7.24 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 56.9% | 17.4% | 11.9% | 14.6% | 15.9% |
| Avg | 50.4% | 10.7% | 8.2% | 10.7% | 12.6% |
| Low | 42.9% | 2.4% | 3.4% | 5.8% | 8.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.