B.Riley FBR analyst Liam Burke maintained a Buy rating on Carlisle Companies Inc (NYSE: CSL) today and set a price target of $145. The company’s shares opened today at $103.97.
Burke observed:
“Carlisle Construction Materials (CCM – Buy, $145 PT) is beginning to reverse the trend of net price declines over the last two years. The secular trends in replacement are positive, and CCM operates in rational markets, setting the stage for healthy cash and profit generation. In addition to strong end markets for CCM, the company’s three other business segments are generating more consistent growth with positive operating leverage. Parallel to the revenue growth initiatives, Carlisle Operating System (COS) remains the foundation of Carlisle’s business platform and an underlying driver of the improved margin outlook.”
According to TipRanks.com, Burke is a 1-star analyst with an average return of -0.3% and a 44.3% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Standex International Corp, Lincoln Electric Holdings, and Enpro Industries.
Currently, the analyst consensus on Carlisle Companies Inc is a Moderate Buy with an average price target of $133.75.
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Carlisle Companies Inc’s market cap is currently $6.24B and has a P/E ratio of 19.80. The company has a Price to Book ratio of 2.34.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
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Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle FoodService Products, Carlisle Fluid Technologies, and Carlisle Brake & Friction.
