In a report issued on August 17, Drew Lipke from Stephens reiterated a Hold rating on Esco Technologies Inc (NYSE: ESE), with a price target of $67. The company’s shares closed on Friday at $67.85, close to its 52-week high of $68.
According to TipRanks.com, Lipke is a 3-star analyst with an average return of 10.8% and a 83.3% success rate. Lipke covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, Transdigm Group Inc, and Flir Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Esco Technologies Inc with a $80 average price target.
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Based on Esco Technologies Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $19.02 million. In comparison, last year the company had a net profit of $12.65 million.
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ESCO Technologies, Inc. is a producer of engineered products and systems, which engages in the provision of utility, industrial, aerospace, and commercial applications. It operates through the Filtration/Fluid Flow and RF Shielding and Test segments.
