J.P. Morgan Reaffirms Their Buy Rating on Carlisle Companies (CSL)
J.P. Morgan analyst Tomohiko Sano maintained a Buy rating on Carlisle Companies today and set a price target of $420.00.
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Sano covers the Industrials sector, focusing on stocks such as Helios Technologies, TIC Solutions, and Great Lakes Dredge & Dock. According to TipRanks, Sano has an average return of -1.1% and a 31.08% success rate on recommended stocks.
In addition to J.P. Morgan, Carlisle Companies also received a Buy from TipRanks – Google’s Google Construction in a report issued today. However, on March 18, William Blair maintained a Hold rating on Carlisle Companies (NYSE: CSL).
Based on Carlisle Companies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.13 billion and a net profit of $127.4 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $162.8 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSL in relation to earlier this year. Last month, Andrew C Easton, the VP & CAO of CSL sold 233.00 shares for a total of $94,963.81.
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