ESAB Corporation (ESAB)
NYSE: ESAB · IEX Real-Time Price · USD
106.02
+0.23 (0.22%)
Apr 19, 2024, 4:00 PM EDT - Market closed
ESAB Corporation Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for ESAB Corporation stock have an average target of 96.29, with a low estimate of 73 and a high estimate of 125. The average target predicts a decrease of -9.18% from the current stock price of 106.02.
Analyst Consensus: Buy
* Price targets were last updated on Mar 18, 2024.
Analyst Ratings
The average analyst rating for ESAB stock from 7 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 4 | 4 | 4 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold → Buy Upgrades $111 → $125 | Hold → Buy | Upgrades | $111 → $125 | +17.90% | Mar 18, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $93 → $100 | Hold | Maintains | $93 → $100 | -5.68% | 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 | +7.53% | Mar 1, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $77 → $93 | Hold | Maintains | $77 → $93 | -12.28% | Feb 20, 2024 |
Financial Forecast
Revenue This Year
2.78B
from 2.77B
Increased by 0.26%
Revenue Next Year
2.91B
from 2.78B
Increased by 4.71%
EPS This Year
4.90
from 3.36
Increased by 45.87%
EPS Next Year
5.43
from 4.90
Increased by 10.85%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 3.0B | 3.1B | 3.1B | 3.2B |
| Avg | 2.8B | 2.9B | 3.0B | 3.1B |
| Low | 2.6B | 2.7B | 2.9B | 3.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 8.0% | 10.9% | 6.6% | 7.7% |
| Avg | 0.3% | 4.7% | 3.2% | 3.8% |
| Low | -5.0% | -1.2% | -1.2% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 5.09 | 5.78 | 6.21 | 7.18 |
| Avg | 4.90 | 5.43 | 5.96 | 6.60 |
| Low | 4.66 | 5.03 | 5.66 | 5.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 51.6% | 17.8% | 14.2% | 20.5% |
| Avg | 45.9% | 10.8% | 9.7% | 10.7% |
| Low | 38.8% | 2.6% | 4.3% | 0.3% |
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.