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ESAB Corporation (ESAB) Receives a Buy from J.P. Morgan

Tipranks - Tipranks - Thu Mar 5, 5:58AM CST

J.P. Morgan analyst Tami Zakaria maintained a Buy rating on ESAB Corporation today and set a price target of $148.00.

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Zakaria covers the Industrials sector, focusing on stocks such as Oshkosh, Paccar, and ESAB Corporation. According to TipRanks, Zakaria has an average return of 14.1% and a 67.38% success rate on recommended stocks.

In addition to J.P. Morgan, ESAB Corporation also received a Buy from Stifel Nicolaus’s Nathan Jones in a report issued on February 23. However, on February 20, TipRanks – Anthropic reiterated a Hold rating on ESAB Corporation (NYSE: ESAB).

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Based on ESAB Corporation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $720.99 million and a net profit of $37.67 million. In comparison, last year the company earned a revenue of $670.76 million and had a net profit of $53.74 million

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