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ESCORTS Consensus Forecast

No. of reports in last year
6
No. of analysts
4
Average Consensus Forecast
863.5
Consensus Potential
-33.64%

ESCORTS Price Target Potential

BrokerageTargetPotential
HDFC Securities12006.85%
ICICIdirect.com860-29.98%
Axis Direct882-26.73%
Geojit Financial Services695-60.83%

ESCORTS Targets in FrontPage Forums

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100% Bullish
0% Bearish
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ESCORTS Ratings

Long term ESCORTS rating by FrontPage users
3/5 (2 Ratings)

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.
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ESCORTS Share Price Target

ESCORTS Share Price Target - Broker Reports - 2020

29-Jul-20
Price @ Call: 1162.07
Target: 1200
ADD
We downgrade Escorts to ADD, after the stock has more than doubled from its COVID lows (+35% from our initiation). The fund infusion from Kubota has been completed, and demand has revived led by good monsoons/encouraging kharif sowing. However, valuations are now trading well over mean P/E levels and are factoring in the near-term positives, in our view. We await detailed timelines for integration with Kubota’s global operations and set a revised target price of Rs 1,200 at 16x Jun-22 EPS.
... Read more
15-May-20
Price @ Call: 819.83
Target: 860
HOLD
Escorts has a healthy B/S with ~Rs 1000 crore of cash on books as of FY20 and ~ Rs1000 due to be received from Kubota in near term (FY21E). However, we await clarity on cash utilisation before upgrading the stock. Hence, we maintain HOLD on the stock valuing Escorts at Rs 860, using SOTP method, assigning 15x multiple to core FY22E EPS of Rs 50.3 and ascribing 25% holding company discount to its treasury shares in books.
... Read more
5-May-20
Price @ Call: 696.47
Target: 882
BUY
We have tweaked our FY21 estimates slightly on account of the lockdown and likely stop-start situation in Q1FY21, but expect strong performance in H2FY21 and FY22. We retain BUY on this stock and value it at 12X FY22E EPS of Rs73.5, with a Target Price of Rs 882, a 29% upside from CMP. We expect this stock to get rerated and command premium valuations as certainty returns in a post-COVID world.
... Read more
27-Apr-20
Price @ Call: 721.25
Target: 829
BUY
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.
... Read more

ESCORTS Share Price Target - Broker Reports - 2019

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.
... Read more
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.
... Read more
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.
... Read more
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.
... Read more
16-Apr-19
Price @ Call: 793
Target: 976
BUY
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.
... Read more
31-Jan-19
Price @ Call: 657.52
Target: 700
HOLD
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.
... Read more
29-Jan-19
Price @ Call: 674.15
Target: 875
BUY
29-Jan-19
Price @ Call: 674.15
Target: 754
NEUTRAL
21-Jan-19
Price @ Call: 736.26
Target: 836
BUY

ESCORTS Share Price Target - Broker Reports - 2018

17-Dec-18
Price @ Call: 672.61
Target: 867
BUY
12-Dec-18
Price @ Call: 646.4
Target: 1057
BUY
30-Oct-18
Price @ Call: 600.01
Target: 763
BUY
9-Aug-18
Price @ Call: 876.5
Target: 1012
BUY
2-Aug-18
Price @ Call: 904.35
Target: 1071
BUY
31-Jul-18
Price @ Call: 907.2
Target: 958
ACCUMULATE
31-Jul-18
Price @ Call: 907.2
Target: 988
NEUTRAL
30-May-18
Price @ Call: 930.35
Target: 1090
BUY
18-May-18
Price @ Call: 908.29
Target: 1074
BUY
18-May-18
Price @ Call: 908.29
Target: 982
NEUTRAL
15-Feb-18
Price @ Call: 887.15
Target: 1051
BUY
7-Feb-18
Price @ Call: 892.55
Target: 973
ACCUMULATE
31-Jan-18
Price @ Call: 826.91
Target: 714
SELL

ESCORTS Share Price Target - Broker Reports - 2017

27-Dec-17
Price @ Call: 755.6
Target: 829
ACCUMULATE
1-Nov-17
Price @ Call: 751.02
Target: 800
NEUTRAL
1-Nov-17
Price @ Call: 760.25
Target: 688
SELL
1-Nov-17
Price @ Call: 760.25
Target: 803
ACCUMULATE
26-Sep-17
Price @ Call: 632
Target: 710
BUY
9-Mar-17
Price @ Call: 495
Target: 596
BUY
9-Mar-17
Price @ Call: 495
Target: 540
HOLD
10-Feb-17
Price @ Call: 393.3
Target: 405
HOLD

ESCORTS Share Price Target - Broker Reports - 2016

3-Nov-16
Price @ Call: 371
Target: 425
BUY
30-Dec-16
Price @ Call: 297.1
Target: 345
BUY
23-Nov-16
Price @ Call: 291
Target: 345
BUY
16-Sep-16
Price @ Call: 346
Target: 415
BUY
17-Aug-16
Price @ Call: 308.75
Target: 360
BUY
27-Jun-16
Price @ Call: 218.85
Target: 283
BUY
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  • ESCORTS Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,160.95
    Upside Target 21,148.4
    Upside Target 11,133.1
    Pivot1,120.55
    Downside Target 11,105.25
    Downside Target 21,092.7
    Downside Target 31,077.4
  • ESCORTS Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,262.02
    Upside Target 21,218.48
    Upside Target 11,171.07
    Pivot1,127.53
    Downside Target 11,080.12
    Downside Target 21,036.58
    Downside Target 3989.17
  • ESCORTS Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,415.2
    Upside Target 21,312.6
    Upside Target 11,223.3
    Pivot1,120.7
    Downside Target 11,031.4
    Downside Target 2928.8
    Downside Target 3839.5
  • ESCORTS Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,148.4
    Upside Target 21,137.76
    Upside Target 11,131.19
    Pivot1,120.55
    Downside Target 11,109.91
    Downside Target 21,103.34
    Downside Target 31,092.7
  • ESCORTS Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,218.48
    Upside Target 21,183.74
    Upside Target 11,162.28
    Pivot1,127.53
    Downside Target 11,092.79
    Downside Target 21,071.33
    Downside Target 31,036.58
  • ESCORTS Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,312.6
    Upside Target 21,239.29
    Upside Target 11,194.01
    Pivot1,120.7
    Downside Target 11,047.39
    Downside Target 21,002.11
    Downside Target 3928.8
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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