Loop Capital upgraded ESAB from Hold to Buy with a new price target of $140, up from $130.
ESAB Corporation (NYSE:ESAB) has received a significant upgrade from Loop Capital, which has raised its rating from 'Hold' to 'Buy' and increased its price target to $140, up from $130. The upgrade comes amidst a series of positive developments for the company, including strong earnings reports and increasing institutional ownership.
In its recent earnings report, ESAB reported earnings per share (EPS) of $1.36 for the most recent quarter, exceeding analyst expectations of $1.34 [1]. The company's revenue for the quarter was $715.59 million, which was 1.3% higher than the same period last year. ESAB's return on equity (ROE) was 16.32%, and its net margin was 9.36%.
The upgrade from Loop Capital follows a trend of positive analyst ratings for ESAB. As of the latest data, two investment analysts have rated the stock with a 'hold' rating, while five have given a 'buy' rating to the stock. The stock currently has an average rating of 'Moderate Buy' and an average price target of $137.88 [1].
Institutional investors have also shown interest in ESAB. Charles Schwab Investment Management Inc. decreased its holdings by 3.1% in the first quarter, owning 502,411 shares valued at approximately $58.5 million [1]. Meanwhile, other large investors such as the State of Michigan Retirement System, Louisiana State Employees Retirement System, ProShare Advisors LLC, GAMMA Investing LLC, and First Horizon Advisors Inc. have increased their holdings in the company [1].
ESAB's stock has seen mixed performance in recent months, opening at $110.44 on Friday and trading within a range of $93.15 to $135.97 over the past year. The company's debt-to-equity ratio is 0.50, and its current ratio is 1.95, indicating strong financial health [1].
Loop Capital's upgrade is a positive signal for ESAB investors, suggesting that the company's fundamentals and growth prospects are promising. However, investors should continue to monitor the company's performance and the broader market conditions.
References:
[1] https://www.marketbeat.com/instant-alerts/filing-esab-corporation-nyseesab-shares-sold-by-charles-schwab-investment-management-inc-2025-08-16/
[2] https://www.marketscreener.com/news/esab-shares-rise-after-loop-capital-upgrade-ce7c50dbd88cf124
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