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Berenberg Bank Believes Carlisle Companies (CSL) Won’t Stop Here

Berenberg Bank analyst Daniel Wang maintained a Buy rating on Carlisle Companies (CSLResearch Report) yesterday and set a price target of $271.00. The company’s shares closed last Tuesday at $237.43, close to its 52-week high of $250.23.

Wang has an average return of 2.2% when recommending Carlisle Companies.

According to TipRanks.com, Wang is ranked #2650 out of 7791 analysts.

Carlisle Companies has an analyst consensus of Strong Buy, with a price target consensus of $280.14, which is a 20.3% upside from current levels. In a report issued on February 11, Oppenheimer also maintained a Buy rating on the stock with a $300.00 price target.

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Based on Carlisle Companies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.38 billion and net profit of $128 million. In comparison, last year the company earned revenue of $1.26 billion and had a net profit of $80.6 million.

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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 Fluid Technologies, and Carlisle Brake & Friction. The Carlisle Construction Materials segment includes the manufacture of insulation materials, rubber, thermoplastic polyolefin, and polyvinyl chloride roofing membranes; related roofing accessories; and waterproofing products. The Carlisle Interconnect Technologies segment focuses on the design and manufacture of wire, cable, connectors, contacts and cable assemblies for the transfer of power and data. The Carlisle Fluid Technologies segment deals with industrial liquid and powder finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing of a variety of coatings. The Carlisle Brake and Friction segment covers brakes and friction material and clutch and transmission friction material. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.

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