Longbow downgraded Carlisle Companies (NYSE:CSL) from Buy to Neutral in a report released today.
- Updated: November 29, 2016
Longbow has downgraded Carlisle Companies (NYSE:CSL) from Buy to Neutral in a report released on Tuesday November 29, 2016.
Previously on 2/05/2016, RBC Capital Markets released a statement about Carlisle Companies (NYSE:CSL) increased the target price from $90.00 to $93.00. At the time, this indicated a possible upside of 0.07%.
Just yesterday Carlisle Companies (NYSE:CSL) traded 0.38% higher at $114.86. Carlisle Companies’s 50-day moving average is $107.68 and its 200-day moving average is $104.62. The last stock price is up 9.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 222,823 shares of CSL traded hands, down from an average trading volume of 343,898
Recent Performance Chart
Carlisle Companies has 52 week low of $75.17 and a 52 week high of $116.02 with a PE ratio of 29.46 and has a market capitalization of $0.
In addition to Longbow reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $112.86 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Carlisle Companies (NYSE:CSL)
Carlisle Companies Incorporated is a holding company for Carlisle Corporation and its wholly owned subsidiaries. The Company is a diversified manufacturing company. The Company operates through five segments: Carlisle Construction Materials (CCM), Carlisle Interconnect Technologies (CIT), Carlisle Fluid Technologies (CFT), Carlisle Brake & Friction (CBF) and Carlisle FoodService Products (CFSP). The Company designs, manufactures and markets a range of products that serves a range of niche markets, including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, transportation, general industrial, protective coating, wood, auto refinishing, foodservice, and healthcare and sanitary maintenance. The Company markets its products as a component supplier to original equipment manufacturers, distributors and directly to end users.
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