JPMorgan Chase & Co. Has Lowered Expectations for ESCO Technologies (NYSE:ESE) Stock Price

Key Points

• JPMorgan lowered ESCO Technologies’ price target from $420 to $350 while maintaining an “overweight” rating, implying roughly 34.5% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and average target price of $381.50, despite Weiss Ratings’ recent downgrade to “buy (b).”
• ESCO shares fell 0.5% to $260.14; the company recently reported quarterly EPS of $2.20, beating estimates, while revenue increased 14.4% year over year.

ESCO Technologies (NYSE:ESE - Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $420.00 to $350.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 34.54% from the stock's previous close.

Several other analysts also recently weighed in on the company. Weiss Ratings downgraded ESCO Technologies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $413.00 price target on shares of ESCO Technologies in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ESCO Technologies has a consensus rating of "Buy" and an average target price of $381.50.

ESCO Technologies Trading Down 0.5%

Shares of ESCO Technologies stock traded down $1.40 during trading on Tuesday, hitting $260.14. The stock had a trading volume of 93,385 shares, compared to its average volume of 259,140. The firm's fifty day simple moving average is $278.24 and its 200-day simple moving average is $301.42. The stock has a market cap of $6.74 billion, a PE ratio of 21.41, a PEG ratio of 1.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 0.94. ESCO Technologies has a 12 month low of $193.68 and a 12 month high of $362.15.

ESCO Technologies (NYSE:ESE - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The scientific and technical instruments company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.08. ESCO Technologies had a net margin of 24.39% and a return on equity of 13.28%. The firm had revenue of $339.03 million during the quarter, compared to analysts' expectations of $341.40 million. During the same period in the previous year, the company earned $1.60 EPS. The firm's revenue for the quarter was up 14.4% compared to the same quarter last year. ESCO Technologies has set its FY 2026 guidance at 8.300-8.400 EPS and its Q4 2026 guidance at 2.550-2.650 EPS. As a group, sell-side analysts expect that ESCO Technologies will post 8.35 EPS for the current fiscal year.

Hedge Funds Weigh In On ESCO Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in ESE. Integrated Wealth Concepts LLC purchased a new stake in ESCO Technologies in the 2nd quarter worth approximately $27,000. Allworth Financial LP purchased a new position in shares of ESCO Technologies during the 2nd quarter valued at approximately $36,000. Atwood & Palmer Inc. acquired a new position in shares of ESCO Technologies in the 3rd quarter valued at $33,000. State of Wyoming acquired a new position in shares of ESCO Technologies in the 1st quarter valued at $38,000. Finally, Osterweis Capital Management Inc. acquired a new position in shares of ESCO Technologies in the 2nd quarter valued at $72,000. Institutional investors own 95.70% of the company's stock.

About ESCO Technologies

ESCO Technologies Inc is a diversified manufacturer headquartered in St. Louis, Missouri, serving customers in the aerospace, defense, space, utility, telecommunications, and industrial markets. The company develops and manufactures specialized products and systems used in testing, monitoring, communications, power delivery, and environmental control.

ESCO's aerospace and defense businesses provide filtration, fluid-control, thermal-management, and other engineered products for aircraft, spacecraft, military vehicles, and industrial applications.

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