Fintel reports that on December 12, 2024, Jefferies initiated coverage of ESAB (NYSE:ESAB) with a Buy recommendation.
Analyst Price Forecast Suggests 7.23% Upside
As of December 3, 2024, the average one-year price target for ESAB is $137.32/share. The forecasts range from a low of $121.20 to a high of $153.30. The average price target represents an increase of 7.23% from its latest reported closing price of $128.06 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ESAB is 2,594MM, a decrease of 5.99%. The projected annual non-GAAP EPS is 4.24.
What is the Fund Sentiment?
There are 755 funds or institutions reporting positions in ESAB. This is an decrease of 19 owner(s) or 2.45% in the last quarter. Average portfolio weight of all funds dedicated to ESAB is 0.26%, an increase of 1.67%. Total shares owned by institutions increased in the last three months by 5.94% to 71,950K shares. 
The put/call ratio of ESAB is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 9,179K shares representing 15.18% ownership of the company. In its prior filing, the firm reported owning 9,213K shares , representing a decrease of 0.37%. The firm increased its portfolio allocation in ESAB by 7.17% over the last quarter.
Price T Rowe Associates holds 7,313K shares representing 12.10% ownership of the company. In its prior filing, the firm reported owning 6,852K shares , representing an increase of 6.31%. The firm decreased its portfolio allocation in ESAB by 42.28% over the last quarter.
RPMGX - T. Rowe Price Mid-Cap Growth Fund holds 3,084K shares representing 5.10% ownership of the company. In its prior filing, the firm reported owning 3,093K shares , representing a decrease of 0.28%. The firm increased its portfolio allocation in ESAB by 7.22% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 3,049K shares representing 5.04% ownership of the company. In its prior filing, the firm reported owning 2,984K shares , representing an increase of 2.11%. The firm increased its portfolio allocation in ESAB by 17.21% over the last quarter.
Jpmorgan Chase holds 1,900K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 1,562K shares , representing an increase of 17.79%. The firm decreased its portfolio allocation in ESAB by 91.44% over the last quarter.
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