ESCO Technologies (NYSE:ESE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Nexus Energy Software, a subsidiary of ESCO Technologies Inc., enables the vision of what energy information can accomplish for the twenty first Century Utility by transforming both energy company and customer views of energy. Nexus’ leading, proven-at-scale solutions support customer interactions via self-service and the contact center, while enhancing operating functions with analytic applications that integrate meter, customer, and asset data. Nexus’ ENERGYprism, Energy Vision and Nexus MDMS product lines are in use at over eighty five energy companies worldwide, supporting millions of interactions and transactions each year, “

A number of other equities research analysts also recently weighed in on ESE. B. Riley reissued a “buy” rating on shares of ESCO Technologies in a research report on Wednesday, November 1st. Stephens set a $65.00 price target on shares of ESCO Technologies and gave the stock an “equal weight” rating in a research note on Wednesday, December 6th. Finally, Needham & Company LLC upgraded shares of ESCO Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. ESCO Technologies presently has a consensus rating of “Buy” and a consensus price target of $68.75.

Shares of ESCO Technologies (NYSE ESE) traded up $0.70 during trading hours on Wednesday, hitting $61.10. The stock had a trading volume of 83,100 shares, compared to its average volume of 89,100. The firm has a market capitalization of $1,560.49, a P/E ratio of 29.52 and a beta of 1.05. ESCO Technologies has a 12 month low of $50.30 and a 12 month high of $65.95. The company has a current ratio of 2.01, a quick ratio of 1.38 and a debt-to-equity ratio of 0.38.

ESCO Technologies (NYSE:ESE) last released its earnings results on Tuesday, November 14th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. ESCO Technologies had a return on equity of 8.64% and a net margin of 7.83%. The business had revenue of $207.01 million for the quarter, compared to the consensus estimate of $211.02 million. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. research analysts predict that ESCO Technologies will post 2.34 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in ESCO Technologies by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,158 shares of the scientific and technical instruments company’s stock worth $129,000 after purchasing an additional 42 shares during the period. Royal Bank of Canada raised its stake in shares of ESCO Technologies by 332.1% in the second quarter. Royal Bank of Canada now owns 3,098 shares of the scientific and technical instruments company’s stock valued at $184,000 after acquiring an additional 2,381 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of ESCO Technologies in the third quarter valued at approximately $201,000. Pinebridge Investments L.P. raised its stake in shares of ESCO Technologies by 1.4% in the second quarter. Pinebridge Investments L.P. now owns 3,403 shares of the scientific and technical instruments company’s stock valued at $203,000 after acquiring an additional 47 shares during the last quarter. Finally, Amalgamated Bank raised its stake in shares of ESCO Technologies by 1.1% in the second quarter. Amalgamated Bank now owns 3,485 shares of the scientific and technical instruments company’s stock valued at $208,000 after acquiring an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

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About ESCO Technologies

ESCO Technologies Inc (ESCO) is a producer of engineered products and systems sold to customers for utility, industrial, aerospace and commercial applications. The Company operates through four segments: Filtration/Fluid Flow (Filtration), RF Shielding and Test (Test), Utility Solutions Group (USG) and Technical Packaging.

Analyst Recommendations for ESCO Technologies (NYSE:ESE)

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