Fintel reports that on September 18, 2023, B of A Securities upgraded their outlook for ESAB (NYSE:ESAB) from Neutral to Buy .
Analyst Price Forecast Suggests 17.98% Upside
As of August 31, 2023, the average one-year price target for ESAB is 80.58. The forecasts range from a low of 61.61 to a high of $95.55. The average price target represents an increase of 17.98% from its latest reported closing price of 68.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ESAB is 2,504MM, a decrease of 6.87%. The projected annual non-GAAP EPS is 4.08.
What is the Fund Sentiment?
There are 616 funds or institutions reporting positions in ESAB. This is an increase of 21 owner(s) or 3.53% in the last quarter. Average portfolio weight of all funds dedicated to ESAB is 0.25%, an increase of 6.55%. Total shares owned by institutions decreased in the last three months by 0.87% to 68,500K shares. 
The put/call ratio of ESAB is 0.28, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 8,452K shares representing 14.03% ownership of the company. In it's prior filing, the firm reported owning 8,502K shares, representing a decrease of 0.60%. The firm increased its portfolio allocation in ESAB by 6.39% over the last quarter.
Price T Rowe Associates holds 3,318K shares representing 5.51% ownership of the company. In it's prior filing, the firm reported owning 2,546K shares, representing an increase of 23.28%. The firm increased its portfolio allocation in ESAB by 208.33% over the last quarter.
RPMGX - T. Rowe Price Mid-Cap Growth Fund holds 3,126K shares representing 5.19% ownership of the company. In it's prior filing, the firm reported owning 3,128K shares, representing a decrease of 0.06%. The firm increased its portfolio allocation in ESAB by 8.42% over the last quarter.
Cooke & Bieler holds 3,015K shares representing 5.00% ownership of the company. In it's prior filing, the firm reported owning 3,872K shares, representing a decrease of 28.42%. The firm decreased its portfolio allocation in ESAB by 16.95% over the last quarter.
Diamond Hill Capital Management holds 2,212K shares representing 3.67% ownership of the company. In it's prior filing, the firm reported owning 2,434K shares, representing a decrease of 10.06%. The firm decreased its portfolio allocation in ESAB by 1.66% over the last quarter.
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This story originally appeared on Fintel.
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