B. Riley Reiterates Buy Rating for Carlisle Companies (CSL)

Carlisle Companies (NYSE:CSL)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a report released on Friday. They presently have a $125.00 target price on the conglomerate’s stock. B. Riley’s price objective points to a potential upside of 10.12% from the company’s current price. B. Riley also issued estimates for Carlisle Companies’ Q4 2017 earnings at $0.84 EPS, FY2017 earnings at $4.73 EPS and FY2018 earnings at $6.27 EPS.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. SunTrust Banks raised their price objective on Carlisle Companies to $126.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Oppenheimer reissued a “hold” rating on shares of Carlisle Companies in a research note on Wednesday, October 25th. Robert W. Baird raised their price objective on Carlisle Companies from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, FBR & Co set a $125.00 target price on Carlisle Companies and gave the company a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Carlisle Companies presently has a consensus rating of “Buy” and an average price target of $122.71.

Shares of Carlisle Companies (NYSE:CSL) opened at $113.51 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.43 and a current ratio of 2.14. Carlisle Companies has a one year low of $92.09 and a one year high of $116.53. The company has a market capitalization of $7,082.55, a P/E ratio of 22.48, a P/E/G ratio of 1.44 and a beta of 0.88.

Carlisle Companies (NYSE:CSL) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.02. Carlisle Companies had a return on equity of 14.11% and a net margin of 8.35%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. analysts forecast that Carlisle Companies will post 4.95 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Hahn Capital Management LLC boosted its position in shares of Carlisle Companies by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 192,428 shares of the conglomerate’s stock worth $19,299,000 after purchasing an additional 1,819 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Carlisle Companies by 446.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 78,762 shares of the conglomerate’s stock worth $7,899,000 after purchasing an additional 64,354 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Carlisle Companies by 42.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,110 shares of the conglomerate’s stock worth $814,000 after purchasing an additional 2,414 shares during the period. Janus Henderson Group PLC boosted its position in shares of Carlisle Companies by 32.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,521,563 shares of the conglomerate’s stock worth $252,888,000 after purchasing an additional 615,655 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Carlisle Companies during the 3rd quarter worth approximately $422,000. 88.92% of the stock is currently owned by institutional investors.

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About Carlisle Companies

Carlisle Companies Incorporated is a manufacturing company. The Company designs, manufactures and markets a range of products that serve a range of markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coatings, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance.

Analyst Recommendations for Carlisle Companies (NYSE:CSL)

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