Oppenheimer analyst Bryan Blair assigned a Buy rating to Carlisle Companies (CSL) yesterday and set a price target of $160.00. The company’s shares closed last Wednesday at $122.37.
According to TipRanks.com, Blair is a 4-star analyst with an average return of 5.3% and a 55.2% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
Currently, the analyst consensus on Carlisle Companies is a Strong Buy with an average price target of $155.00, representing a 28.2% upside. In a report issued on September 22, Credit Suisse also maintained a Buy rating on the stock with a $150.00 price target.
See today’s analyst top recommended stocks >>
Based on Carlisle Companies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.02 billion and net profit of $75.4 million. In comparison, last year the company earned revenue of $1.31 billion and had a net profit of $153 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.
