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ESCORTS Share Price Target
Escorts Ltd.
NSE: ESCORTS | BSE: 500495 | ISIN: INE042A01014 | Sector: Auto
ESCORTS Rating
- ★★
- ★★
- ★★
- ★★
- ★★
2.8/5 (5 Ratings)
ESCORTS Share Price *
888.9 -20.75 (-2.28%)
* (quote may be delayed)
6 ESCORTS share price target reports by brokerages below. See what is analyst's view on ESCORTS share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
You can also find ESCORTS share price target tomorrow or next week from ESCORTS discussion forum.
ESCORTS Share Price Forecast - Consensus
| No. of reports in last year | 6 |
| No. of analysts | 3 |
| Average Consensus Forecast | 735.17 |
| Consensus Potential | -31.38% |
ESCORTS Share Price Target - Broker Reports - 2020
ICICIdirect.com
15-May-20
Price @ Call: 819.83
Target: 860
HOLD
Axis Direct
5-May-20
Price @ Call: 696.47
Target: 882
BUY
Axis Direct
27-Apr-20
Price @ Call: 721.25
Target: 829
BUY
ICICIdirect.com
23-Mar-20
Price @ Call: 598.68
Target: 715
HOLD
We are enthused by Kubota’s entry as a strategic investor in Escorts, especially given its leadership in the farm implement space. Kubota brings a global presence, significant technological prowess and production excellence. However, we await cash utilisation plans at Escorts before any meaningful change in stance on the company. We are constrained by limited dividend payouts by Escorts in the past with no firm outlook, going forward. We value Escorts on an SOTP valuation basis and maintain our HOLD rating on the stock with a revised target price of Rs 715.
ESCORTS Share Price Target - Broker Reports - 2019
Geojit Financial Services
23-Dec-19
Price @ Call: 625.5
Target: 695
ACCUMULATE
We expects the trend of underperformance in south and west region to witness some respite owing to record level improvement in reservoir level . The Initial pick up in volume looks demanding for H2FY20, considering the rise in food inflation and government action towards rural development. However, in view of early cyclical reversal we rollover our valuation to FY22 and value EL at 14x FY22E EPS and upgrade our rating to Accumulate with a target price of Rs695.
ICICIdirect.com
30-Jul-19
Price @ Call: 469.24
Target: 430
REDUCE
At Escorts, we expect sales and PAT to grow at a moderate CAGR of 1.9% and -1.0%, respectively, in FY19-21E. We believe anticipated volume slowdown in tractor segment will arrest growth momentum, with margin profile expected to recover at a sedate pace. We value the company at | 430 i.e. 8x FY21E EPS of Rs 53.4/share (adjusted for treasury shares which amount to ~27% of issued capital) with a REDUCE rating on the stock.
Reliance Securities
7-May-19
Price @ Call: 652.73
Target: 600
REDUCE
We expect ESC’s tractor volume to grow by 5% YoY in FY20E and fall by 7% YoY in FY21E. We reduce our construction equipment volume estimate by 8%/17% for FY20E and FY21E, respectively. We lower our revenue and EBIDTA estimates by 0.4%/2.4% and 5%/6% for FY20E/FY21E, respectively. Accordingly, we cut our EPS estimates by 10%/11% for FY20E/FY21E. In view of likely down-turn for tractor industry, slowdown in construction equipment segment along with poor visibility on tractor volume performance, we reiterate our REDUCE recommendation on ESC with a revised Target Price of Rs600 (from Rs760 earlier), valuing it at 11.5x FY21E EPS.
Geojit Financial Services
16-May-19
Price @ Call: 549.85
Target: 643
ACCUMULATE
The management expects the trend of outperformance in North and Central region to continue in FY20e as the reservoir level are low in Maharashtra and South. The guidance for tractor growth is given at 5-8% considering the fact of high base in FY19 and lower water level. However we believe that the current valuation is justifiable on the back of 13% earnings growth over FY19-21E and massive government push. We value EL at 13x FY21E EPS with a revised target price of Rs643 and upgrade our rating from Hold to Accumulate.
Antique Stock Broking
16-Apr-19
Price @ Call: 793
Target: 976
BUY
Reliance Securities
2-Apr-19
Price @ Call: 770.27
Target: 760
REDUCE
We expect ESC’s tractor volume to grow by 5% YoY in FY20E and fall by 7% YoY in FY21E. Therefore, we reduce our tractor volume estimates by 1% and construction equipment volume by 3% each for FY20E and FY21E. We lower our revenue and EBIDTA estimates by 2%/3% and 4%/6% for FY20E/ FY21E, respectively. Accordingly, we cut our EPS estimates by 4%/6% for FY20E/FY21E. Valuing the stock at 13x FY21E EPS, we downwardly revise our Target Price to Rs760 from Rs875 earlier. In view of expected down-cycle for tractor industry, likely slowdown in construction equipment segment, margin pressure and recent price run-up, we downgrade our recommendation on ESC to REDUCE from BUY owing to unfavourable risk reward at current valuation.
ICICIdirect.com
31-Jan-19
Price @ Call: 657.52
Target: 700
HOLD
Way2Wealth
29-Jan-19
Price @ Call: 674.15
Target: 825
BUY
On a consolidated basis, the stock at Rs 644 is trading at a PE multiple of 10.9x FY20E (post adjustment for treasury shares) and an EV/EBIDTA of 9.2x FY20E. Escorts earnings growth of 23% over FY18-20E is among the best among auto OEM’s, which would be largely driven by 11% volume growth in tractors over the next 2 years. We value Escorts at Rs 825 per share by applying 14.0x P/E to its consolidated FY20E EPS of Rs 59. We advise investors to ACCUMULATE the stock with a target price of Rs 825 per share.
Reliance Securities
29-Jan-19
Price @ Call: 674.15
Target: 875
BUY
Motilal Oswal
29-Jan-19
Price @ Call: 674.15
Target: 754
NEUTRAL
Axis Direct
21-Jan-19
Price @ Call: 736.26
Target: 836
BUY
ESCORTS Share Price Target - Broker Reports - 2018
SPA Securities
17-Dec-18
Price @ Call: 672.61
Target: 867
BUY
Cholamandalam Securities
12-Dec-18
Price @ Call: 646.4
Target: 1057
BUY
Geojit Financial Services
30-Oct-18
Price @ Call: 600.01
Target: 763
BUY
GEPL Capital
9-Aug-18
Price @ Call: 876.5
Target: 1012
BUY
Cholamandalam Securities
2-Aug-18
Price @ Call: 904.35
Target: 1071
BUY
Kotak Securities
31-Jul-18
Price @ Call: 907.2
Target: 958
ACCUMULATE
Motilal Oswal
31-Jul-18
Price @ Call: 907.2
Target: 988
NEUTRAL
Geojit Financial Services
30-May-18
Price @ Call: 930.35
Target: 1090
BUY
Kotak Securities
18-May-18
Price @ Call: 908.29
Target: 1074
BUY
Motilal Oswal
18-May-18
Price @ Call: 908.29
Target: 982
NEUTRAL
Kotak Securities
15-Feb-18
Price @ Call: 887.15
Target: 1051
BUY
Geojit Financial Services
7-Feb-18
Price @ Call: 892.55
Target: 973
ACCUMULATE
Motilal Oswal
31-Jan-18
Price @ Call: 826.91
Target: 714
SELL
ESCORTS Share Price Target - Broker Reports - 2017
Geojit Financial Services
27-Dec-17
Price @ Call: 755.6
Target: 829
ACCUMULATE
Phillip Capital
1-Nov-17
Price @ Call: 751.02
Target: 800
NEUTRAL
Motilal Oswal
1-Nov-17
Price @ Call: 760.25
Target: 688
SELL
Kotak Securities
1-Nov-17
Price @ Call: 760.25
Target: 803
ACCUMULATE
Kotak Securities
26-Sep-17
Price @ Call: 632
Target: 710
BUY
Motilal Oswal
9-Mar-17
Price @ Call: 495
Target: 596
BUY
ICICIdirect.com
9-Mar-17
Price @ Call: 495
Target: 540
HOLD
ICICIdirect.com
10-Feb-17
Price @ Call: 393.3
Target: 405
HOLD
ESCORTS Share Price Target - Broker Reports - 2016
Geojit Financial Services
3-Nov-16
Price @ Call: 371
Target: 425
BUY
Geojit Financial Services
30-Dec-16
Price @ Call: 297.1
Target: 345
BUY
Geojit Financial Services
23-Nov-16
Price @ Call: 291
Target: 345
BUY
Karvy Stock Broking
16-Sep-16
Price @ Call: 346
Target: 415
BUY
Motilal Oswal
17-Aug-16
Price @ Call: 308.75
Target: 360
BUY
Motilal Oswal
27-Jun-16
Price @ Call: 218.85
Target: 283
BUY
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ESCORTS Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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