The biggest gainers of the session on the Wall Street include Carlisle Companies Incorporated (NYSE:CSL), which rose 5.86 points or 4.15% to trade at $146.98 as last check. The stock closed last session at $141.12 and sets an active trading volume day with a reported 318964 contracts so far this session. CSL shares had a relatively better volume day versus average trading capacity of 381.63 thousand shares, but with a 55.85 million float and a -0.49% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CSL stock indicates that the average analyst price target is $151.2 per share. This means the stock has a potential increase of 2.87% from where the CSL share price has been trading recently which is between $139.325 and $143.94. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $135.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Honeywell (HON) Displays Bright Prospects, Risks Remain” and dated September 09, 2019.
During the recent trading session for Carlisle Companies Incorporated (NYSE:CSL), the company witnessed their stock rise $3.51 over a week and surge $3.93 from the price 20 days ago. When compared to their established 52-week high of $147.23, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/11/19. The recent low of $92.16 stood for a 0.56% since 10/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Carlisle Companies Incorporated, the two-week RSI stands at 61.17. This figure suggests that CSL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CSL readings is similarly very revealing as it has a stochastic reading of 80.48% at this stage. This figure means that CSL share price today is being oversold.
Technical chart claims that Carlisle Companies Incorporated (CSL) would settle between $143.6/share to $146.08/share level. However, if the stock price goes below the $138.98 mark, then the market for Carlisle Companies Incorporated becomes much weaker. If that happens, the stock price might even plunge as low as $136.85 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.52. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Buckingham Research lowered their recommendation on shares of CSL from Buy to Neutral in their opinion released on July 08. Oppenheimer analysts bumped their rating on Carlisle Companies Incorporated (NYSE:CSL) stock from Perform to Outperform in a separate flash note issued to investors on December 17. Analysts at Longbow released an upgrade from Neutral to Buy for the stock, in a research note that dated back to November 13.
CSL equity has an average rating of 2, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 3 analysts rated Carlisle Companies Incorporated (NYSE:CSL) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CSL stock price is currently trading at 15.81X forward 12-month Consensus EPS estimates, and its P/E ratio is 19.36 while for the average stock in the same group, the multiple is 13.71. Carlisle Companies Incorporated current P/B ratio of 3.09 means it is trading at a premium against its industry’s 1.16.
Carlisle Companies Incorporated (CSL)’s current-quarter revenues are projected to climb by nearly 9.45% to hit $1.29 billion, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 8.23% from $4.48 billion to a noteworthy $4.85 billion. At the other end of the current quarter income statement, Carlisle Companies Incorporated is expected to see its adjusted earnings surge by roughly 38.1% to hit $2.32 per share. For the fiscal year, CSL’s earnings are projected to climb by roughly 30.71% to hit $8.13 per share.