Oppenheimer Maintains Their Hold Rating on Carlisle Companies Inc (CSL)

By Jason Carr

In a report released yesterday, Bryan Blair from Oppenheimer maintained a Hold rating on Carlisle Companies Inc (CSLResearch Report). The company’s shares closed on Friday at $105.10.

Blair noted:

“With CSL shares still trading ~19% below YTD high, we refreshed analysis of recent CCM headwinds and came away incrementally positive on core trends/ outlook but cautious on near-term Accella contribution. Following unusually harsh September weather (driving mid-teens core CCM declines), October and early November industry trends appear solidly improved. For Accella, price adjustments likely reset SPF volume growth in 4Q (rebounding to MSD+), although we anticipate continued margin pressures into ’19 as management addresses elevated operating costs.”

According to TipRanks.com, Blair is a 1-star analyst with an average return of -0.9% and a 45.0% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Mueller Water Products.

Currently, the analyst consensus on Carlisle Companies Inc is a Moderate Buy with an average price target of $125.20.

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Carlisle Companies Inc’s market cap is currently $6.26B and has a P/E ratio of 19.15. The company has a Price to Book ratio of 2.31.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.

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Carlisle Cos., Inc. engages in the manufacture and distribution of engineered products for both original equipment and aftermarket channels. It operates through the following segments: Carlisle Construction Materials, Carlisle Interconnect Technologies, Carlisle FoodService Products, Carlisle Fluid Technologies, and Carlisle Brake & Friction.