Carlisle Companies Inc. (NYSE: CSL)’s Upside Potential Is High

Carlisle Companies Inc. (NYSE:CSL) shares, rose in value, with the stock price up by 4.85% to the previous day’s close as strong demand from buyers drove the stock to $400.56.

Actively observing the price movement in the last trading, the stock closed the session at $382.03. The PE ratio was 25.75 over 12-month period. Referring to stock’s 52-week performance, its high was $403.44, and the low was $205.10. On the whole, CSL has fluctuated by 3.07% over the past month.

The company’s Forward Dividend Ratio is 3.30, with its dividend yield at 0.82%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.72, with the price of CSL currently trading nearly 4.77% and 8.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.80, while the 7-day volatility ratio is showing 3.15% which for the 30-day chart, stands at 2.24%. Furthermore, Carlisle Companies Inc. (CSL)’s beta value is 0.91, and its average true range (ATR) is 10.58.

A comparison of Carlisle Companies Inc. (CSL) with its peers suggests the former has fared considerably weaker in the market. CSL showed an intraday change of 4.85% in last session, and over the past year, it grew by 88.44%%.

Data on historical trading for Carlisle Companies Inc. (NYSE:CSL) indicates that the trading volumes over the past 3 months, they’ve averaged 293.40K. According to company’s latest data on outstanding shares, there are 47.70 million shares outstanding.

Nearly 0.81% of Carlisle Companies Inc.’s shares belong to company insiders and institutional investors own 90.04% of the company’s shares. The stock has risen by 28.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSL stock heading into the next quarter.

Most Popular